TrinityBridge Ltd purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,972 shares of the company’s stock, valued at approximately $5,949,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth about $29,000. Strategic Wealth Advisors LLC purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter worth about $29,000. Meeder Asset Management Inc. purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter worth about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $40,000. Finally, Gables Capital Management Inc. acquired a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $47,000.
Analyst Ratings Changes
Several research firms recently commented on HONA. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. UBS Group dropped their price objective on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Royal Bank Of Canada dropped their price objective 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. JPMorgan Chase & Co. initiated coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price on the stock. Finally, BNP Paribas Exane reduced their target price on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Honeywell Aerospace presently has a consensus rating of “Hold” and a consensus target price of $224.17.
Honeywell Aerospace Price Performance
NASDAQ HONA opened at $165.89 on Friday. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The company has a market capitalization of $52.58 billion and a price-to-earnings ratio of 88.71.
Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last posted its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The firm had revenue of $4.35 billion for the quarter. As a group, sell-side analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.
Key Stories Impacting Honeywell Aerospace
Here are the key news stories impacting Honeywell Aerospace this week:
- Positive Sentiment: Morgan Stanley upgraded Honeywell Aerospace to Overweight from Equal-weight and maintained a $205 price target. Analyst Kristine Liwag argued that the recent selloff created an attractive entry point, implying substantial upside from current levels. Honeywell Aerospace Stock Upgraded to Overweight Following Sell-Off
- Positive Sentiment: Multiple reports highlighted Morgan Stanley’s view that Honeywell Aerospace had become “too cheap to ignore.” The upgrade helped drive a sharp rebound in the stock during the prior session and may support investor confidence in the company’s long-term earnings outlook. Honeywell Aerospace is now too cheap to ignore, says Morgan Stanley
- Neutral Sentiment: Analyst coverage remains mixed, suggesting that Morgan Stanley’s bullish stance is not universally shared. Investors are likely balancing the $205 price target against valuation concerns, recent volatility, and uncertainty in the broader market. Honeywell Aerospace Sees Mixed Analyst Views
- Neutral Sentiment: Broader market conditions were also unfavorable, with rising yields and geopolitical concerns weighing on equities. Those macroeconomic pressures could limit the immediate benefit of the Morgan Stanley upgrade. Top Wall Street Analyst Research Calls
- Negative Sentiment: Law firm Bragar Eagel & Squire announced an investigation into Honeywell Aerospace on behalf of shareholders who suffered losses. Although the announcement does not establish wrongdoing, litigation-related headlines can increase uncertainty and weigh on the stock. Honeywell Aerospace Stockholder Alert
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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