Covington Investment Advisors Inc. Makes New $4.42 Million Investment in Honeywell Aerospace $HONA

Posted by Geri Gentry on Sep 1st, 2026

Covington Investment Advisors Inc. bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm bought 17,262 shares of the company’s stock, valued at approximately $4,419,000.

A number of other large investors also recently made changes to their positions in the business. Meeder Asset Management Inc. purchased a new stake in shares of Honeywell Aerospace in the second quarter worth approximately $29,000. Bell Investment Advisors Inc purchased a new position in Honeywell Aerospace during the second quarter valued at approximately $29,000. Strategic Wealth Advisors LLC acquired a new position in Honeywell Aerospace in the 2nd quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Honeywell Aerospace in the 2nd quarter valued at approximately $40,000. Finally, Gables Capital Management Inc. acquired a new position in Honeywell Aerospace in the 2nd quarter valued at approximately $47,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. Vertical Research started coverage on shares of Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price target on the stock. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. Zacks Research raised Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. Finally, Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a research note on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $224.17.

Check Out Our Latest Stock Report on Honeywell Aerospace

Honeywell Aerospace Trading Down 2.6%

NASDAQ HONA opened at $158.11 on Tuesday. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The company’s 50-day moving average is $194.29. The company has a market capitalization of $50.11 billion and a price-to-earnings ratio of 84.55.

Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last released its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The company had revenue of $4.35 billion for the quarter. On average, analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Honeywell Aerospace Profile

(Free Report)

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.