Pure Financial Advisors LLC bought a new position in Honeywell Aerospace (NASDAQ:HONA – Free Report) during the 2nd quarter, Holdings Channel reports. The fund bought 10,277 shares of the company’s stock, valued at approximately $2,301,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HONA. BlackRock Inc. bought a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $5,253,341,000. Bank of America Corp DE bought a new position in shares of Honeywell Aerospace during the 2nd quarter valued at approximately $1,034,187,000. Bank of New York Mellon Corp bought a new position in shares of Honeywell Aerospace during the 2nd quarter valued at approximately $644,412,000. Legal & General Group Plc purchased a new position in shares of Honeywell Aerospace in the second quarter valued at $370,665,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Honeywell Aerospace in the second quarter worth $205,658,000.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on HONA. Morgan Stanley raised shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target on the stock in a research note on Wednesday, August 19th. Wolfe Research assumed coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating on the stock. 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 report on Thursday, August 6th. Royal Bank Of Canada lowered their price target on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, August 6th. Finally, Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Honeywell Aerospace has an average rating of “Hold” and an average price target of $224.17.
Honeywell Aerospace Price Performance
HONA stock opened at $164.01 on Thursday. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50. The company has a market capitalization of $51.98 billion and a PE ratio of 87.71. The company’s fifty day moving average price is $196.77.
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 firm had revenue of $4.35 billion during the quarter. Equities 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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