EP Wealth Advisors LLC acquired a new stake in Honeywell Aerospace (NASDAQ:HONA – Free Report) during the 2nd quarter, Holdings Channel reports. The fund acquired 170,113 shares of the company’s stock, valued at approximately $37,609,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Honeywell Aerospace during the 2nd quarter worth about $5,253,341,000. Bank of New York Mellon Corp bought a new stake in shares of Honeywell Aerospace in the second quarter valued at about $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Honeywell Aerospace in the second quarter valued at about $205,658,000. Deutsche Bank AG acquired a new position in shares of Honeywell Aerospace during the second quarter worth about $152,933,000. Finally, Madison Asset Management LLC bought a new position in shares of Honeywell Aerospace during the second quarter worth about $49,743,000.
Analyst Upgrades and Downgrades
HONA has been the topic of a number of recent research reports. TD Cowen assumed coverage on Honeywell Aerospace in a research report on Monday, June 29th. They issued a “hold” rating and a $250.00 target price on the stock. UBS Group reduced their price target on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. JPMorgan Chase & Co. initiated coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They set a “neutral” rating and a $255.00 price target for the company. Wolfe Research initiated coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating for the company. Finally, Evercore set a $210.00 price objective on shares of Honeywell Aerospace in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $224.17.
Honeywell Aerospace Price Performance
Honeywell Aerospace stock opened at $164.73 on Friday. The stock has a market cap of $52.21 billion and a PE ratio of 88.09. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50.
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 (EPS) for the quarter. The company had revenue of $4.35 billion during the quarter. On average, sell-side analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal 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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