SFE Investment Counsel bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA – Free Report) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 12,704 shares of the company’s stock, valued at approximately $2,844,000.
A number of other large investors also recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. bought a new position in Honeywell Aerospace in the 2nd quarter worth approximately $8,809,000. Bryn Mawr Trust Advisors LLC bought a new stake in shares of Honeywell Aerospace during the second quarter valued at approximately $1,301,000. Hardy Reed LLC bought a new stake in shares of Honeywell Aerospace during the second quarter valued at approximately $1,151,000. BIP Wealth LLC purchased a new position in shares of Honeywell Aerospace in the second quarter worth $713,000. Finally, Everett Harris & Co. CA purchased a new position in shares of Honeywell Aerospace in the second quarter worth $699,000.
Analysts Set New Price Targets
A number of brokerages recently weighed in on HONA. JPMorgan Chase & Co. initiated coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They set a “neutral” rating and a $255.00 target price for the company. Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. BNP Paribas Exane dropped their price objective on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Evercore set a $210.00 price objective on shares of Honeywell Aerospace in a report on Thursday, August 6th. Finally, Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Honeywell Aerospace currently has a consensus rating of “Hold” and an average price target of $224.17.
Honeywell Aerospace Stock Performance
Shares of HONA opened at $166.36 on Friday. The company has a market cap of $52.73 billion and a PE ratio of 88.96. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50.
Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last posted its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The business had revenue of $4.35 billion during the quarter. As a group, equities analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.
Honeywell Aerospace Company Profile
Honeywell Aerospace Inc manufactures and supplies aircraft components, avionics, engines, and systems for airframe manufacturing, commercial airline, military and defense, business aviation, and space markets, as well as other markets in the aerospace industry. The company offers actuation products, air and thermal management products, auxiliary power units, cabin management and entertainment products, cockpit systems and displays, electric power products, engines, health and usage monitoring products, lighting products, microelectronics, navigation products and radios, recorders and transmitters, satellite communications, sensors, space products, terrain and traffic awareness, vehicle turbochargers, weather radars, and wheels and braking systems.
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