Terra Nova Asset Management Lowers stake in Honeywell International (HON)

Honeywell International (HON) : Terra Nova Asset Management reduced its stake in Honeywell International by 4.94% during the most recent quarter end. The investment management company now holds a total of 7,628 shares of Honeywell International which is valued at $876,915 after selling 396 shares in Honeywell International , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Honeywell International makes up approximately 1.46% of Terra Nova Asset Management’s portfolio.

Other Hedge Funds, Including , Conning reduced its stake in HON by selling 2,740 shares or 8.77% in the most recent quarter. The Hedge Fund company now holds 28,515 shares of HON which is valued at $3,278,084. Honeywell International makes up approx 0.14% of Conning’s portfolio.Jfs Wealth Advisors boosted its stake in HON in the latest quarter, The investment management firm added 3,408 additional shares and now holds a total of 4,268 shares of Honeywell International which is valued at $490,649. Honeywell International makes up approx 0.13% of Jfs Wealth Advisors’s portfolio.Shell Asset Management Co boosted its stake in HON in the latest quarter, The investment management firm added 22,900 additional shares and now holds a total of 137,975 shares of Honeywell International which is valued at $15,861,606. Honeywell International makes up approx 0.37% of Shell Asset Management Co’s portfolio.Woodley Farra Manion Portfolio Management Inc reduced its stake in HON by selling 733 shares or 0.33% in the most recent quarter. The Hedge Fund company now holds 222,073 shares of HON which is valued at $26,622,111. Honeywell International makes up approx 4.03% of Woodley Farra Manion Portfolio Management Inc’s portfolio.

Honeywell International opened for trading at $115.6 and hit $116.5 on the upside on Friday, eventually ending the session at $116.33, with a gain of 0.49% or 0.57 points. The heightened volatility saw the trading volume jump to 29,39,858 shares. Company has a market cap of $88,513 M.

On the company’s financial health, Honeywell International reported $1.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $1.64. The company had revenue of $9991.00 million for the quarter, compared to analysts expectations of $10136.17 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 EPS.

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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