Trans Canada Capital Inc. bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA – Free Report) in the second quarter, Holdings Channel reports. The fund bought 53,360 shares of the company’s stock, valued at approximately $11,797,000. Honeywell Aerospace comprises about 0.6% of Trans Canada Capital Inc.’s portfolio, making the stock its 16th biggest holding.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameliora Wealth Management Ltd. acquired a new position in Honeywell Aerospace in the 2nd quarter valued at $25,000. Leo H. Evart Inc. acquired a new stake in Honeywell Aerospace during the 2nd quarter worth $26,000. Outlook Capital Management LLC acquired a new stake in Honeywell Aerospace during the 2nd quarter worth $26,000. Bell Investment Advisors Inc acquired a new stake in Honeywell Aerospace during the 2nd quarter worth $29,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Honeywell Aerospace during the second quarter worth $29,000.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on HONA. Jefferies Financial Group set a $175.00 target price on shares of Honeywell Aerospace in a research report on Sunday, August 9th. Argus initiated coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price objective for the company. Zacks Research raised shares of Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Wolfe Research started coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating on the stock. Finally, Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $224.17.
Honeywell Aerospace Price Performance
Shares of Honeywell Aerospace stock opened at $161.01 on Monday. The stock has a 50 day simple moving average of $191.08. The stock has a market capitalization of $51.03 billion and a price-to-earnings ratio of 86.10. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50.
Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last announced its quarterly earnings results 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. Equities research analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.
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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