Empowered Funds LLC acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA – Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 43,149 shares of the company’s stock, valued at approximately $9,661,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HONA. Meeder Asset Management Inc. acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $29,000. Bell Investment Advisors Inc acquired a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $29,000. Strategic Wealth Advisors LLC purchased a new position in Honeywell Aerospace in the second quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Honeywell Aerospace in the second quarter valued at approximately $40,000. Finally, Gables Capital Management Inc. acquired a new position in Honeywell Aerospace during the second quarter valued at approximately $47,000.
Honeywell Aerospace Stock Up 1.0%
Shares of Honeywell Aerospace stock opened at $162.37 on Friday. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50. The firm has a market capitalization of $51.46 billion and a P/E ratio of 86.83. The firm’s 50-day simple moving average is $195.14.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on HONA. BNP Paribas Exane lowered their price target on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. UBS Group decreased their target price on 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 assumed coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating for the company. Finally, TD Cowen started coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $250.00 target price on the stock. 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, Honeywell Aerospace presently has an average rating of “Hold” and an average price target of $224.17.
Read Our Latest Analysis on HONA
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.
See Also
- Five stocks we like better than Honeywell Aerospace
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
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.
