NewEdge Wealth LLC purchased a new stake in Honeywell Aerospace (NASDAQ:HONA – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 21,077 shares of the company’s stock, valued at approximately $4,660,000.
Several other institutional investors also recently bought and sold shares of HONA. Hardy Reed LLC purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth $1,151,000. Plan Group Financial LLC purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at $270,000. Mill Capital Management LLC purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at $419,000. Bryn Mawr Trust Advisors LLC acquired a new position in Honeywell Aerospace in the second quarter valued at $1,301,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Honeywell Aerospace in the second quarter valued at $8,809,000.
Honeywell Aerospace Stock Performance
NASDAQ HONA opened at $170.76 on Thursday. The company has a market capitalization of $54.12 billion and a P/E ratio of 91.31. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50.
Analyst Ratings Changes
A number of analysts have issued reports on the company. Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. BNP Paribas Exane dropped their price objective on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. TD Cowen assumed coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They issued a “hold” rating and a $250.00 target price on the stock. BMO Capital Markets lowered their target price on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a report on Monday, August 10th. Finally, Morgan Stanley raised shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target for the company in a research report on Wednesday. One investment 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $224.17.
Get Our Latest Stock Analysis on Honeywell Aerospace
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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