E Fund Management Co. Ltd. bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,207 shares of the company’s stock, valued at approximately $2,733,000.
A number of other institutional investors have also recently made changes to their positions in the business. Meeder Asset Management Inc. bought a new stake in Honeywell Aerospace during the second quarter worth approximately $29,000. Bell Investment Advisors Inc bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $29,000. Strategic Wealth Advisors LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth approximately $40,000. Finally, Gables Capital Management Inc. purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth approximately $47,000.
Trending Headlines about Honeywell Aerospace
Here are the key news stories impacting Honeywell Aerospace this week:
- Positive Sentiment: Morgan Stanley upgraded Honeywell Aerospace to Overweight from Equal-weight and maintained a $205 price target. Analyst Kristine Liwag argued that the recent selloff created an attractive entry point, implying substantial upside from current levels. Honeywell Aerospace Stock Upgraded to Overweight Following Sell-Off
- Positive Sentiment: Multiple reports highlighted Morgan Stanley’s view that Honeywell Aerospace had become “too cheap to ignore.” The upgrade helped drive a sharp rebound in the stock during the prior session and may support investor confidence in the company’s long-term earnings outlook. Honeywell Aerospace is now too cheap to ignore, says Morgan Stanley
- Neutral Sentiment: Analyst coverage remains mixed, suggesting that Morgan Stanley’s bullish stance is not universally shared. Investors are likely balancing the $205 price target against valuation concerns, recent volatility, and uncertainty in the broader market. Honeywell Aerospace Sees Mixed Analyst Views
- Neutral Sentiment: Broader market conditions were also unfavorable, with rising yields and geopolitical concerns weighing on equities. Those macroeconomic pressures could limit the immediate benefit of the Morgan Stanley upgrade. Top Wall Street Analyst Research Calls
- Negative Sentiment: Law firm Bragar Eagel & Squire announced an investigation into Honeywell Aerospace on behalf of shareholders who suffered losses. Although the announcement does not establish wrongdoing, litigation-related headlines can increase uncertainty and weigh on the stock. Honeywell Aerospace Stockholder Alert
Wall Street Analyst Weigh In
View Our Latest Report on HONA
Honeywell Aerospace Price Performance
HONA opened at $165.89 on Friday. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50. The firm has a market cap of $52.58 billion and a P/E ratio of 88.71.
Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last released its earnings results 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. As a group, research analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.
Honeywell Aerospace Company 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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