Haverford Financial Services Inc. purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA – Free Report) in the second quarter, Holdings Channel reports. The firm purchased 29,481 shares of the company’s stock, valued at approximately $6,601,000. Honeywell Aerospace makes up about 1.9% of Haverford Financial Services Inc.’s portfolio, making the stock its 21st biggest position.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Nixon Capital LLC purchased a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $7,549,000. Haverford Trust Co purchased a new stake in Honeywell Aerospace in the second quarter worth $93,441,000. Clear Harbor Asset Management LLC purchased a new stake in Honeywell Aerospace in the second quarter worth $1,936,000. First Nebraska Trust Co bought a new stake in Honeywell Aerospace in the second quarter valued at $3,589,000. Finally, Bank of Nova Scotia bought a new stake in Honeywell Aerospace in the second quarter valued at $28,120,000.
Wall Street Analysts Forecast Growth
HONA has been the subject of several research reports. Wolfe Research started coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating for the company. Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. UBS Group reduced their price target on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. JPMorgan Chase & Co. assumed coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They set a “neutral” rating and a $255.00 price target on the stock. Finally, Vertical Research began coverage on shares of Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $224.17.
Honeywell Aerospace Price Performance
Shares of NASDAQ HONA opened at $164.73 on Monday. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50. The stock has a market cap of $52.21 billion and a P/E ratio of 88.09.
Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last announced 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. As a group, research analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.
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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