Tocqueville Asset Management L.P. bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 109,114 shares of the company’s stock, valued at approximately $24,123,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Hardy Reed LLC acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at $1,151,000. Plan Group Financial LLC acquired a new position in Honeywell Aerospace during the second quarter worth $270,000. Mill Capital Management LLC acquired a new position in Honeywell Aerospace during the second quarter worth $419,000. Bryn Mawr Trust Advisors LLC purchased a new position in Honeywell Aerospace during the second quarter valued at $1,301,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at about $8,809,000.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on HONA shares. Royal Bank Of Canada reduced their price target on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. Evercore set a $210.00 price target on shares of Honeywell Aerospace in a research note on Thursday, August 6th. Morgan Stanley upgraded Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective on the stock in a report on Wednesday. Argus assumed coverage on Honeywell Aerospace in a report on Thursday, July 9th. They set a “buy” rating and a $275.00 target price for the company. Finally, Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $224.17.
Honeywell Aerospace Price Performance
Shares of NASDAQ HONA opened at $170.76 on Thursday. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The stock has a market cap of $54.12 billion and a P/E ratio of 91.31.
Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last released 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 earnings per share for the current year.
About Honeywell Aerospace
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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