E20 Capital Ltd purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA – Free Report) during the second quarter, Holdings Channel.com reports. The fund purchased 144,577 shares of the company’s stock, valued at approximately $31,963,000. Honeywell Aerospace comprises about 2.6% of E20 Capital Ltd’s portfolio, making the stock its 13th largest position.
Several other hedge funds have also recently modified their holdings of HONA. Bell Investment Advisors Inc purchased a new position in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $29,000. Strategic Wealth Advisors LLC purchased a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $29,000. Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace during the 2nd quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Honeywell Aerospace during the 2nd quarter valued at approximately $40,000. Finally, Gables Capital Management Inc. purchased a new position in shares of Honeywell Aerospace in the second quarter worth $47,000.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on HONA shares. 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 note on Thursday, August 6th. Argus initiated coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 target price for the company. Vertical Research assumed coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They set a “hold” rating and a $243.00 price target for the company. Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. Finally, Wells Fargo & Company set a $195.00 price target on Honeywell Aerospace in a research note on Monday, August 10th. One research 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 stock. Based on data from MarketBeat.com, Honeywell Aerospace currently has an average rating of “Hold” and a consensus price target of $224.17.
Honeywell Aerospace Price Performance
Shares of NASDAQ HONA opened at $164.73 on Monday. The company has a market cap of $52.21 billion and a price-to-earnings ratio of 88.09. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50.
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, equities research analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current year.
Honeywell Aerospace 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.
See Also
- Five stocks we like better than Honeywell Aerospace
- VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You?
- 3 Closed-End Funds to Maximize Dividend Payments
- Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy?
- $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over
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.
