Madison Asset Management LLC bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 224,998 shares of the company’s stock, valued at approximately $49,743,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in HONA. AssuredPartners Investment Advisors LLC bought a new position in shares of Honeywell Aerospace in the second quarter worth about $267,000. Shepherd Financial Partners LLC bought a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at approximately $2,028,000. Johnson Financial Group Inc. bought a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at approximately $1,449,000. Tocqueville Asset Management L.P. bought a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at approximately $20,930,000. Finally, Addison Advisors LLC acquired a new position in Honeywell Aerospace during the 2nd quarter worth approximately $89,000.
Analyst Ratings Changes
Several equities analysts recently commented on HONA shares. JPMorgan Chase & Co. assumed coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They issued a “neutral” rating and a $255.00 price objective for the company. UBS Group decreased their target price on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Evercore set a $210.00 price target on shares of Honeywell Aerospace in a report on Thursday, August 6th. Morgan Stanley upgraded Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target for the company in a research note on Wednesday. Finally, Argus began coverage on Honeywell Aerospace in a report on Thursday, July 9th. They set a “buy” rating and a $275.00 price objective on the stock. One equities 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $224.17.
Honeywell Aerospace Stock Up 6.2%
HONA stock opened at $170.76 on Thursday. The firm has a market cap of $54.12 billion and a PE ratio of 91.31. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50.
Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last issued its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The business had revenue of $4.35 billion during the quarter. On average, research analysts predict that Honeywell Aerospace will post 7.75 EPS for the current year.
About Honeywell Aerospace
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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