Sadoff Investment Management Lowers stake in Honeywell International (HON)

Honeywell International (HON) : Sadoff Investment Management reduced its stake in Honeywell International by 2.25% during the most recent quarter end. The investment management company now holds a total of 3,296 shares of Honeywell International which is valued at $352,474 after selling 76 shares in Honeywell International , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Honeywell International makes up approximately 0.04% of Sadoff Investment Management’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in HON by selling 6,957 shares or 13.23% in the most recent quarter. The Hedge Fund company now holds 45,617 shares of HON which is valued at $4,878,282. Honeywell International makes up approx 0.65% of First Mercantile Trust Co’s portfolio.Cardinal Capital Management boosted its stake in HON in the latest quarter, The investment management firm added 540 additional shares and now holds a total of 106,353 shares of Honeywell International which is valued at $12,258,247. Honeywell International makes up approx 1.39% of Cardinal Capital Management’s portfolio.First National Bank Of Mount Dora Trust Investment Services reduced its stake in HON by selling 475 shares or 3.15% in the most recent quarter. The Hedge Fund company now holds 14,623 shares of HON which is valued at $1,685,447. Honeywell International makes up approx 0.94% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.New England Research Management boosted its stake in HON in the latest quarter, The investment management firm added 5,325 additional shares and now holds a total of 7,862 shares of Honeywell International which is valued at $906,174. Honeywell International makes up approx 0.76% of New England Research Management’s portfolio.

Honeywell International closed down -8.67 points or -7.50% at $106.94 with 2,04,46,322 shares getting traded on Friday. Post opening the session at $107.02, the shares hit an intraday low of $105.2475 and an intraday high of $107.56 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

Many Wall Street Analysts have commented on Honeywell International. Shares were Reiterated by RBC Capital Mkts on Oct 10, 2016 to “Outperform” and Lowered the Price Target to $ 133 from a previous price target of $138 .

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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