Honeywell Aerospace (NASDAQ:HONA – Get Free Report)’s share price traded down 1% during mid-day trading on Tuesday . The stock traded as low as $166.03 and last traded at $167.32. Approximately 3,831,886 shares traded hands during mid-day trading, an increase of 0% from the average session volume of 3,829,163 shares. The stock had previously closed at $169.03.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the stock. Weiss Ratings assumed coverage on shares of Honeywell Aerospace in a report on Friday, September 11th. They set a “sell (d)” rating on the stock. Evercore set a $210.00 target price on Honeywell Aerospace in a research note on Thursday, August 6th. Wolfe Research began coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating on the stock. Susquehanna began coverage on Honeywell Aerospace in a report on Thursday, September 17th. They set a “positive” rating and a $190.00 price objective for the company. Finally, Morgan Stanley raised Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective on the stock in a research report on Wednesday, August 19th. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $219.29.
View Our Latest Analysis on Honeywell Aerospace
Honeywell Aerospace Price Performance
Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last issued its earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The company had revenue of $4.35 billion during the quarter. Equities analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter worth $5,253,341,000. State Street Corp bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth $2,945,044,000. Wellington Management Group LLP bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth $1,705,882,000. Bank of America Corp DE purchased a new position in shares of Honeywell Aerospace during the second quarter valued at $1,034,187,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Honeywell Aerospace during the second quarter valued at $644,412,000.
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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