Lynch Associatesin Lowers stake in Honeywell International (HON)

Honeywell International (HON) : Lynch Associatesin reduced its stake in Honeywell International by 1.63% during the most recent quarter end. The investment management company now holds a total of 36,445 shares of Honeywell International which is valued at $4,200,651 after selling 605 shares in Honeywell International , the firm said in a disclosure report filed with the SEC on Oct 4, 2016.Honeywell International makes up approximately 1.86% of Lynch Associatesin’s portfolio.

Other Hedge Funds, Including , Washington Trust Bank boosted its stake in HON in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 6,113 shares of Honeywell International which is valued at $704,584. Honeywell International makes up approx 0.17% of Washington Trust Bank’s portfolio.Harbour Capital Advisors reduced its stake in HON by selling 215 shares or 1.75% in the most recent quarter. The Hedge Fund company now holds 12,049 shares of HON which is valued at $1,388,768. Honeywell International makes up approx 0.75% of Harbour Capital Advisors’s portfolio.

Honeywell International closed down -1.17 points or -1.01% at $114.88 with 25,22,176 shares getting traded on Tuesday. Post opening the session at $115.97, the shares hit an intraday low of $114.58 and an intraday high of $115.98 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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