Mitchell Sinkler Starrpa Lowers stake in Honeywell International (HON)

Honeywell International (HON) : Mitchell Sinkler Starrpa reduced its stake in Honeywell International by 2.33% during the most recent quarter end. The investment management company now holds a total of 16,759 shares of Honeywell International which is valued at $1,921,084 after selling 400 shares in Honeywell International , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.Honeywell International makes up approximately 2.62% of Mitchell Sinkler Starrpa’s portfolio.

Honeywell International closed down -0.26 points or -0.23% at $114.92 with 28,65,599 shares getting traded on Wednesday. Post opening the session at $115.31, the shares hit an intraday low of $114.71 and an intraday high of $116.1856 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Searle boosted its stake in HON in the latest quarter, The investment management firm added 410 additional shares and now holds a total of 19,161 shares of Honeywell International which is valued at $2,196,425. Honeywell International makes up approx 2.01% of Searle’s portfolio. Integral Derivatives sold out all of its stake in HON during the most recent quarter. The investment firm sold 22,089 shares of HON which is valued $2,532,062.Salem Capital Management Inc reduced its stake in HON by selling 2,220 shares or 3.17% in the most recent quarter. The Hedge Fund company now holds 67,797 shares of HON which is valued at $7,771,570. Honeywell International makes up approx 4.29% of Salem Capital Management Inc’s portfolio.

On the company’s financial health, Honeywell International reported $1.58 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jan 29, 2016. Analyst had a consensus of $1.59. The company had revenue of $9982.00 million for the quarter, compared to analysts expectations of $9983.96 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.43 EPS.

Many Wall Street Analysts have commented on Honeywell International. Company shares were Reiterated by Barclays on Apr 18, 2016 to “Overweight”, Firm has raised the Price Target to $ 122 from a previous price target of $107 .Company shares were Reiterated by Stifel on Feb 1, 2016 to “Buy”, Firm has raised the Price Target to $ 113 from a previous price target of $106 .

Honeywell International Inc. (Honeywell) is a diversified technology and manufacturing company. The Company is engaged in serving customers across the world with aerospace products and services turbochargers control sensing and security technologies for buildings homes and industry specialty chemicals electronic and advanced materials process technology for refining and petrochemicals and energy efficient products and solutions for homes business and transportation. The Company operates in segments: Aerospace Automation and Control Solutions (ACS) and Performance Materials and Technologies (PMT). Its Aerospace segment is a supplier of aircraft engines integrated avionics systems and service solutions and related products and services. ACS segment provides environmental and combustion controls sensing controls security and life safety products and services. Its PMT segment develops and manufactures advanced materials process technologies and automation solutions.

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