Overlook Holdings LTD Decreased Netease (NTES) Stake by $34.42 Million; Stock Price Declined; Covington Capital Management Has Increased Honeywell Intl (HON) Position by $441,072

Honeywell International Inc. (NYSE:HON) Logo

Covington Capital Management increased its stake in Honeywell Intl Inc (HON) by 5.79% based on its latest 2018Q2 regulatory filing with the SEC. Covington Capital Management bought 3,063 shares as the company’s stock rose 7.94% with the market. The institutional investor held 56,003 shares of the o.e.m. company at the end of 2018Q2, valued at $8.07M, up from 52,940 at the end of the previous reported quarter. Covington Capital Management who had been investing in Honeywell Intl Inc for a number of months, seems to be bullish on the $102.69B market cap company. The stock decreased 2.01% or $2.85 during the last trading session, reaching $138.71. About 3.64M shares traded or 11.36% up from the average. Honeywell International Inc. (NYSE:HON) has risen 18.18% since December 8, 2017 and is uptrending. It has outperformed by 2.56% the S&P500. Some Historical HON News: 19/04/2018 – ABB’s first quarter profit beats forecasts; 11/04/2018 – FDA: Certified Safety Mfg Inc- First aid/emergency kits containing Honeywell eyewash: CSM kit number Kit/cabinet Description CS; 07/03/2018 – TIANJIN TIANHAI INVESTMENT 600751.SS SAYS IT SIGNS STRATEGIC MOU WITH HONEYWELL CHINA’S AUTOMATION CONTROL UNIT; 20/04/2018 – HONEYWELL – QTRLY TOTAL SALES $10,392 MLN VS $9,492 MLN; 20/04/2018 – HONEYWELL SEES 2Q REVENUE $10.7B-$10.8B, EST. $10.6B; 30/05/2018 – Romania’s OMV Petrom to Use Honeywell Connected Plant to Improve Reliability of Refinery Operations; 27/04/2018 – HONEYWELL ENTERS $1.5B 364-DAY CREDIT AGREEMENT; 01/05/2018 – Honeywell Intl: Lewis to Serve in Interim Role as VP, Corporate Finance, Until Aug. 3; 08/03/2018 – Comair Selects Honeywell International Inc. Cockpit Technologies For South Africa’s First Boeing 737 MAX Fleet; 20/04/2018 – Stocks making the biggest moves premarket: GE, HON, RF, WFC, MAT, SKX & more

Overlook Holdings Ltd decreased its stake in Netease (NTES) by 15.29% based on its latest 2018Q2 regulatory filing with the SEC. Overlook Holdings Ltd sold 136,578 shares as the company’s stock declined 24.93% while stock markets rallied. The institutional investor held 756,622 shares of the miscellaneous company at the end of 2018Q2, valued at $191.20M, down from 893,200 at the end of the previous reported quarter. Overlook Holdings Ltd who had been investing in Netease for a number of months, seems to be less bullish one the $31.07 billion market cap company. The stock decreased 0.78% or $1.86 during the last trading session, reaching $236.61. About 990,715 shares traded or 5.12% up from the average. NetEase, Inc. (NASDAQ:NTES) has declined 29.39% since December 8, 2017 and is downtrending. It has underperformed by 45.01% the S&P500. Some Historical NTES News: 11/05/2018 – Origin Asset Adds BlackRock, Exits Skyworks, Cuts Netease: 13F; 25/04/2018 – NETEASE INC NTES.O : CLSA RAISES TO OUTPERFORM FROM UNDERPERFORM; 16/03/2018 – Merlin Network agrees non-exclusive music licensing with NetEase, Alibaba and Tencent; 13/03/2018 – NETEASE CLOUD MUSIC – TO SUBLICENSE PREMIER MUSIC COPYRIGHTS OWNED BY EE-MEDIA, AVEX, FORWARD MUSIC, HIM INTERNATIONAL MUSIC, AND OTHERS TO ALIMUSIC; 15/03/2018 – Anna Nicolaou: scoop: the top indie record labels are going to stream in china. Merlin struck a deal with 5 services, owned by; 16/05/2018 – Netease 1Q Adj EPS $1.61; 23/05/2018 – Caixin: Baidu, NetEase Join Queue for Issuing CDRs; 22/05/2018 – Franklin Dynatech Adds DocuSign Inc., Exits Netease; 15/05/2018 – Peak6 Investments Adds Netease, Exits Apple, Cuts Facebook: 13F; 26/03/2018 – China’s NetEase aims to make online retail as large as games

More notable recent NetEase, Inc. (NASDAQ:NTES) news were published by: Nasdaq.com which released: “Technology Sector Update for 11/15/2018: NTES,CSCO,MARK – Nasdaq” on November 15, 2018, also Nasdaq.com with their article: “Netease Q3 18 Earnings Conference Call At 8:00 PM ET – Nasdaq” published on November 14, 2018, Nasdaq.com published: “Activision Blizzard and NetEase’s Big Bet on Mobile “Diablo” Backfires – Nasdaq” on November 10, 2018. More interesting news about NetEase, Inc. (NASDAQ:NTES) were released by: Nasdaq.com and their article: “NetEase, Inc. (NTES) Ex-Dividend Date Scheduled for May 31, 2018 – Nasdaq” published on May 30, 2018 as well as Nasdaq.com‘s news article titled: “Technology Sector Update for 11/15/2018: RVLT, NTES, CSCO, MSFT, AAPL, IBM, GOOG – Nasdaq” with publication date: November 15, 2018.

Analysts await NetEase, Inc. (NASDAQ:NTES) to report earnings on February, 6. They expect $2.36 EPS, up 58.39% or $0.87 from last year’s $1.49 per share. NTES’s profit will be $309.94 million for 25.06 P/E if the $2.36 EPS becomes a reality. After $1.80 actual EPS reported by NetEase, Inc. for the previous quarter, Wall Street now forecasts 31.11% EPS growth.

Among 20 analysts covering NetEase (NASDAQ:NTES), 14 have Buy rating, 4 Sell and 2 Hold. Therefore 70% are positive. NetEase had 56 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of NetEase, Inc. (NASDAQ:NTES) earned “Hold” rating by Standpoint Research on Wednesday, August 26. Bernstein maintained it with “Sell” rating and $285.0 target in Tuesday, February 27 report. The stock of NetEase, Inc. (NASDAQ:NTES) earned “Sell” rating by CLSA on Thursday, November 16. CLSA upgraded the shares of NTES in report on Monday, October 3 to “Outperform” rating. Vetr upgraded it to “Hold” rating and $148.56 target in Wednesday, August 12 report. The firm earned “Buy” rating on Friday, September 21 by Jefferies. The stock of NetEase, Inc. (NASDAQ:NTES) earned “Underperform” rating by Bernstein on Wednesday, January 11. Standpoint Research downgraded the stock to “Hold” rating in Friday, October 16 report. Standpoint Research downgraded NetEase, Inc. (NASDAQ:NTES) rating on Wednesday, June 7. Standpoint Research has “Sell” rating and $36000 target. The stock has “Buy” rating by Jefferies on Tuesday, August 22.

Since July 27, 2018, it had 0 buys, and 4 selling transactions for $8.19 million activity. 28,281 shares valued at $4.06M were sold by Mikkilineni Krishna on Wednesday, November 21. 13,400 shares were sold by PARDO JAIME CHICO /FA, worth $1.94 million. Kapur Vimal sold $1.59 million worth of stock.

Covington Capital Management, which manages about $1.97B and $1.56B US Long portfolio, decreased its stake in Abbvie Inc (NYSE:ABBV) by 10,950 shares to 43,349 shares, valued at $4.02 million in 2018Q2, according to the filing. It also reduced its holding in Abbott Labs (NYSE:ABT) by 10,575 shares in the quarter, leaving it with 173,908 shares, and cut its stake in Mastercard Incorporated (NYSE:MA).

Among 22 analysts covering Honeywell International Inc. (NYSE:HON), 18 have Buy rating, 0 Sell and 4 Hold. Therefore 82% are positive. Honeywell International Inc. had 109 analyst reports since July 30, 2015 according to SRatingsIntel. The firm earned “Strong-Buy” rating on Friday, August 28 by Vetr. Deutsche Bank maintained Honeywell International Inc. (NYSE:HON) on Thursday, July 12 with “Buy” rating. Oppenheimer maintained the stock with “Outperform” rating in Monday, April 25 report. Oppenheimer maintained Honeywell International Inc. (NYSE:HON) on Friday, July 21 with “Buy” rating. Citigroup maintained the shares of HON in report on Tuesday, October 30 with “Buy” rating. The stock of Honeywell International Inc. (NYSE:HON) has “Buy” rating given on Friday, October 20 by Vertical Research. RBC Capital Markets maintained Honeywell International Inc. (NYSE:HON) on Friday, June 30 with “Buy” rating. The stock of Honeywell International Inc. (NYSE:HON) earned “Buy” rating by Stifel Nicolaus on Friday, January 19. The firm has “Buy” rating by Oppenheimer given on Monday, April 30. Credit Suisse maintained it with “Neutral” rating and $158 target in Tuesday, October 30 report.

More notable recent Honeywell International Inc. (NYSE:HON) news were published by: Seekingalpha.com which released: “Honeywell: Excellent Entry Point – Seeking Alpha” on December 05, 2018, also Bizjournals.com with their article: “Honeywell bringing HQ to Charlotte following incentives bill passage – Charlotte Business Journal” published on November 29, 2018, Businesswire.com published: “HON ALERT: Rosen Law Firm Reminds Honeywell International Inc. Investors of Important Deadline in Class Action Seeking Investor Losses – HON – Business Wire” on November 20, 2018. More interesting news about Honeywell International Inc. (NYSE:HON) were released by: Seekingalpha.com and their article: “Crash Protection For Honeywell – Seeking Alpha” published on November 30, 2018 as well as Seekingalpha.com‘s news article titled: “Honeywell shifts global HQ to Charlotte – Seeking Alpha” with publication date: December 01, 2018.

Honeywell International Inc. (NYSE:HON) Institutional Positions Chart

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