Montag Caldwell buys $199,047,415 stake in Honeywell International (HON)

Honeywell International (HON) : Montag Caldwell scooped up 14,644 additional shares in Honeywell International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 1,749,406 shares of Honeywell International which is valued at $199,047,415.Honeywell International makes up approximately 3.69% of Montag Caldwell’s portfolio.

Other Hedge Funds, Including , Burney Co boosted its stake in HON in the latest quarter, The investment management firm added 280 additional shares and now holds a total of 5,336 shares of Honeywell International which is valued at $607,130. Honeywell International makes up approx 0.04% of Burney Co’s portfolio.Tiaa Cref Trust Co Fsbmo reduced its stake in HON by selling 6,324 shares or 13.96% in the most recent quarter. The Hedge Fund company now holds 38,974 shares of HON which is valued at $4,449,662. Honeywell International makes up approx 0.04% of Tiaa Cref Trust Co Fsbmo’s portfolio.Quantitative Systematic Strategies boosted its stake in HON in the latest quarter, The investment management firm added 4,291 additional shares and now holds a total of 18,762 shares of Honeywell International which is valued at $2,142,058. Honeywell International makes up approx 0.80% of Quantitative Systematic Strategies’s portfolio.Capital One National Association reduced its stake in HON by selling 1,329 shares or 2.63% in the most recent quarter. The Hedge Fund company now holds 49,118 shares of HON which is valued at $5,607,802. Honeywell International makes up approx 0.50% of Capital One National Association’s portfolio.

Honeywell International opened for trading at $113.94 and hit $115.5 on the upside on Tuesday, eventually ending the session at $114.94, with a gain of 1.57% or 1.78 points. The heightened volatility saw the trading volume jump to 28,70,638 shares. Company has a market cap of $87,598 M.

On the company’s financial health, Honeywell International reported $1.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 22, 2016. Analyst had a consensus of $1.50. The company had revenue of $9522.00 million for the quarter, compared to analysts expectations of $9365.12 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 EPS.

Many Wall Street Analysts have commented on Honeywell International. Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 122 from a previous price target of $121 .Company shares were Reiterated by Stifel on Apr 25, 2016 to “Buy”, Firm has raised the Price Target to $ 129 from a previous price target of $127 .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 .

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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