Equitable Holdings Inc. acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA – Free Report) during the 2nd quarter, Holdings Channel reports. The fund acquired 32,278 shares of the company’s stock, valued at approximately $7,227,000.
A number of other hedge funds have also recently bought and sold shares of HONA. Centaurus Financial Inc. acquired a new stake in shares of Honeywell Aerospace during the second quarter worth $225,000. Brasada Capital Management LP acquired a new position in Honeywell Aerospace during the second quarter worth approximately $2,987,000. Harvey Capital Management Inc. purchased a new position in Honeywell Aerospace during the second quarter worth approximately $586,000. Coastal Bridge Advisors LLC acquired a new position in Honeywell Aerospace in the second quarter valued at $7,763,000. Finally, Jefferies Financial Group Inc. purchased a new stake in Honeywell Aerospace during the second quarter valued at about $7,257,000.
Honeywell Aerospace Trading Down 2.0%
HONA stock opened at $160.75 on Friday. The stock has a market cap of $50.95 billion and a P/E ratio of 85.96. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The business has a 50 day moving average of $195.92.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on HONA. Wells Fargo & Company set a $195.00 price target on Honeywell Aerospace in a report on Monday, August 10th. 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 report on Wednesday, August 19th. Vertical Research began coverage on shares of Honeywell Aerospace in a research note on Wednesday, July 1st. They set a “hold” rating and a $243.00 price objective on the stock. Melius Research upgraded shares of Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. Finally, JPMorgan Chase & Co. started coverage on Honeywell Aerospace in a research note on Friday, July 10th. They set a “neutral” rating and a $255.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $224.17.
View Our Latest Research Report on Honeywell Aerospace
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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