Laffer Investments adds Honeywell International (HON) to its portfolio

Honeywell International (HON) : Laffer Investments added new position in Honeywell International during the most recent quarter end. The investment management firm now holds 18,616 shares of Honeywell International which is valued at $2,161,318 , the company said in a statement filed on Aug 15, 2016 with the SEC.Honeywell International makes up approximately 0.68% of Laffer Investments’s portfolio.

Other Hedge Funds, Including , Violich Capital Management boosted its stake in HON in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 43,660 shares of Honeywell International which is valued at $5,068,926. Honeywell International makes up approx 1.55% of Violich Capital Management’s portfolio.Bronfman E.l. Rothschild reduced its stake in HON by selling 317 shares or 2.31% in the most recent quarter. The Hedge Fund company now holds 13,409 shares of HON which is valued at $1,556,785. Honeywell International makes up approx 0.25% of Bronfman E.l. Rothschild’s portfolio.Parsons Capital Management Incri boosted its stake in HON in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 68,216 shares of Honeywell International which is valued at $7,919,878. Honeywell International makes up approx 1.04% of Parsons Capital Management Incri’s portfolio.Eaton Vance Management boosted its stake in HON in the latest quarter, The investment management firm added 4,309 additional shares and now holds a total of 603,171 shares of Honeywell International which is valued at $70,191,009. Honeywell International makes up approx 0.20% of Eaton Vance Management’s portfolio.Janney Montgomery Scott boosted its stake in HON in the latest quarter, The investment management firm added 90,744 additional shares and now holds a total of 180,977 shares of Honeywell International which is valued at $21,060,293. Honeywell International makes up approx 0.32% of Janney Montgomery Scott’s portfolio.

Honeywell International closed down -0.58 points or -0.50% at $116.13 with 28,68,090 shares getting traded on Thursday. Post opening the session at $116.4, the shares hit an intraday low of $115.14 and an intraday high of $116.78 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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