Sequoia Financial Advisors LLC acquired a new position in Honeywell Aerospace (NASDAQ:HONA – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 109,349 shares of the company’s stock, valued at approximately $24,175,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in HONA. Ameliora Wealth Management Ltd. bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $25,000. Leo H. Evart Inc. bought a new stake in Honeywell Aerospace during the second quarter worth approximately $26,000. Outlook Capital Management LLC bought a new stake in Honeywell Aerospace during the second quarter worth approximately $26,000. Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace in the second quarter worth approximately $29,000. Finally, Bell Investment Advisors Inc acquired a new position in Honeywell Aerospace in the second quarter worth approximately $29,000.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the company. Wells Fargo & Company set a $195.00 price objective on Honeywell Aerospace in a research report on Monday, August 10th. Morgan Stanley upgraded Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price on the stock in a report on Wednesday, August 19th. BMO Capital Markets cut their target price on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. Zacks Research raised Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Finally, Royal Bank Of Canada decreased their price target on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $224.17.
Honeywell Aerospace Trading Down 2.5%
Shares of Honeywell Aerospace stock opened at $151.58 on Thursday. The firm has a market cap of $48.04 billion and a price-to-earnings ratio of 81.06. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50. The firm’s 50-day moving average price is $188.25.
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 firm had revenue of $4.35 billion during the quarter. On average, equities research analysts predict that Honeywell Aerospace will post 7.75 EPS for the current year.
About Honeywell Aerospace
Honeywell Aerospace is an aerospace technology company that develops and supplies systems, components and services for commercial aviation, business and general aviation, defense and space markets. Its portfolio includes aircraft engines, auxiliary power units, avionics, flight controls, navigation and communication systems, thermal management equipment, wheels and brakes, and other propulsion and safety technologies.
The company serves aircraft manufacturers, airlines, business aviation operators, military customers and aftermarket service providers around the world.
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