Brasada Capital Management LP bought a new stake in Honeywell Aerospace (NASDAQ:HONA – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,341 shares of the company’s stock, valued at approximately $2,987,000.
Several other hedge funds and other institutional investors have also made changes to their positions in HONA. Grandfield & Dodd LLC bought a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $759,000. SCS Capital Management LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $1,821,000. SFE Investment Counsel bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $2,981,000. MidFirst Bank bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $5,608,000. Finally, IMC Chicago LLC acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at about $10,508,000.
Honeywell Aerospace Trading Down 2.0%
NASDAQ HONA opened at $160.75 on Friday. The firm has a market cap of $50.95 billion and a PE ratio of 85.96. The business’s 50-day moving average is $195.92. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50.
Analyst Upgrades and Downgrades
HONA has been the subject of a number of research analyst reports. UBS Group reduced their price target on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. BNP Paribas Exane dropped their price objective on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. Royal Bank Of Canada reduced their target price on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a report on Friday, July 10th. They set a “neutral” rating and a $255.00 target price on the stock. One equities research 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 MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $224.17.
Read Our Latest Stock Analysis on HONA
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.
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