Salem Capital Management Inc Lowers stake in Honeywell International (HON)

Honeywell International (HON) : Salem Capital Management Inc reduced its stake in Honeywell International by 3.17% during the most recent quarter end. The investment management company now holds a total of 67,797 shares of Honeywell International which is valued at $7,771,570 after selling 2,220 shares in Honeywell International , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.Honeywell International makes up approximately 4.29% of Salem Capital Management Inc’s portfolio.

Honeywell International opened for trading at $114.42 and hit $114.9 on the upside on Friday, eventually ending the session at $114.63, with a gain of 0.10% or 0.11 points. The heightened volatility saw the trading volume jump to 20,93,438 shares. Company has a market cap of $88,187 M.

Other Hedge Funds, Including , Capstone Asset Management Co reduced its stake in HON by selling 2,412 shares or 1.93% in the most recent quarter. The Hedge Fund company now holds 122,695 shares of HON which is valued at $14,064,528. Honeywell International makes up approx 0.40% of Capstone Asset Management Co’s portfolio.Creative Planning boosted its stake in HON in the latest quarter, The investment management firm added 4,150 additional shares and now holds a total of 48,129 shares of Honeywell International which is valued at $5,387,560. Honeywell International makes up approx 0.04% of Creative Planning’s portfolio.New England Research Management boosted its stake in HON in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 2,537 shares of Honeywell International which is valued at $283,992. Honeywell International makes up approx 0.24% of New England Research Management’s portfolio.First American Bank boosted its stake in HON in the latest quarter, The investment management firm added 3,382 additional shares and now holds a total of 5,349 shares of Honeywell International which is valued at $598,767. Honeywell International makes up approx 0.06% of First American Bank’s portfolio.Stock Yards Bank Trust Co reduced its stake in HON by selling 1,146 shares or 20.46% in the most recent quarter. The Hedge Fund company now holds 4,456 shares of HON which is valued at $498,805. Honeywell International makes up approx 0.07% of Stock Yards Bank Trust Co’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 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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