Haverford Trust Co bought a new stake in Honeywell Aerospace (NASDAQ:HONA – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 417,335 shares of the company’s stock, valued at approximately $93,441,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace during the second quarter worth about $29,000. Bell Investment Advisors Inc purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at about $29,000. Strategic Wealth Advisors LLC acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at about $41,000. Finally, Gables Capital Management Inc. purchased a new position in Honeywell Aerospace in the 2nd quarter worth approximately $47,000.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on HONA. Royal Bank Of Canada lowered their target price on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. Morgan Stanley raised Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target for the company in a report on Wednesday. Wells Fargo & Company set a $195.00 price objective on Honeywell Aerospace in a research report on Monday, August 10th. TD Cowen started coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating and a $250.00 price objective on the stock. Finally, Evercore set a $210.00 target price on Honeywell Aerospace in a report on Thursday, August 6th. 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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 PE ratio of 88.09. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year 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 EPS for the quarter. The business had revenue of $4.35 billion during the quarter. On average, sell-side analysts expect that Honeywell Aerospace will post 7.75 EPS for the current fiscal 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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