Clear Harbor Asset Management LLC acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA – Free Report) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 8,647 shares of the company’s stock, valued at approximately $1,936,000.
Several other hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth approximately $29,000. Bell Investment Advisors Inc acquired a new position in Honeywell Aerospace during the second quarter valued at approximately $29,000. Strategic Wealth Advisors LLC acquired a new position in Honeywell Aerospace during the second quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Honeywell Aerospace during the second quarter worth $41,000. Finally, Gables Capital Management Inc. bought a new stake in Honeywell Aerospace during the second quarter worth $47,000.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on HONA. TD Cowen initiated coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 price target on the stock. Evercore set a $210.00 target price on Honeywell Aerospace in a research report on Thursday, August 6th. BMO Capital Markets reduced their price target on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Royal Bank Of Canada lowered 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. Finally, Jefferies Financial Group set a $175.00 target price on shares of Honeywell Aerospace in a research note on Sunday, August 9th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Honeywell Aerospace currently has a consensus rating of “Hold” and an average target price of $224.17.
Honeywell Aerospace Price Performance
NASDAQ:HONA opened at $164.73 on Monday. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50. The firm has a market capitalization of $52.21 billion and a price-to-earnings ratio of 88.09.
Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last released its quarterly earnings data 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, research analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current 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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