Visionary Wealth Advisors acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,125 shares of the company’s stock, valued at approximately $691,000.
Other large investors also recently modified their holdings of the company. Cullen Capital Management LLC bought a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $23,569,000. Dearborn Partners LLC bought a new position in Honeywell Aerospace during the second quarter valued at approximately $1,341,000. Ally Financial Inc. bought a new position in Honeywell Aerospace during the second quarter valued at approximately $774,000. Maxi Investments CY Ltd purchased a new position in shares of Honeywell Aerospace during the second quarter worth approximately $2,631,000. Finally, Cibc World Market Inc. purchased a new position in shares of Honeywell Aerospace during the second quarter worth approximately $12,066,000.
Analysts Set New Price Targets
Several equities analysts recently commented on HONA shares. Argus assumed coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They set a “buy” rating and a $275.00 target price on the stock. Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. UBS Group cut their price target 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. Wolfe Research initiated coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating on the stock. Finally, BMO Capital Markets reduced their price objective on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $224.17.
Honeywell Aerospace Trading Down 2.1%
Shares of Honeywell Aerospace stock opened at $161.20 on Tuesday. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50. The company has a market capitalization of $51.09 billion and a PE ratio of 86.20.
Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last posted its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The firm had revenue of $4.35 billion for the quarter. As a group, analysts predict 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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