Northcape Wealth Management LLC acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,751 shares of the company’s stock, valued at approximately $1,288,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Grandfield & Dodd LLC bought a new position in shares of Honeywell Aerospace during the second quarter worth approximately $759,000. SCS Capital Management LLC bought a new stake in Honeywell Aerospace in the 2nd quarter valued at $1,821,000. SFE Investment Counsel acquired a new position in Honeywell Aerospace in the 2nd quarter valued at $2,981,000. MidFirst Bank acquired a new position in Honeywell Aerospace in the 2nd quarter valued at $5,608,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Honeywell Aerospace in the 2nd quarter valued at $8,809,000.
Honeywell Aerospace Stock Up 6.2%
Shares of NASDAQ HONA opened at $170.76 on Thursday. The firm has a market capitalization of $54.12 billion and a price-to-earnings ratio of 91.31. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on HONA shares. UBS Group dropped their target price on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Royal Bank Of Canada decreased their price target on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Jefferies Financial Group set a $175.00 price target on shares of Honeywell Aerospace in a research report on Sunday, August 9th. Wolfe Research started coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. began 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 on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $224.17.
Check Out Our Latest Research Report on Honeywell Aerospace
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.
Further Reading
- Five stocks we like better than Honeywell Aerospace
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Want to see what other hedge funds are holding HONA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell Aerospace (NASDAQ:HONA – Free Report).
Receive News & Ratings for Honeywell Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.
