Benjamin Edwards Inc. Takes Position in Honeywell Aerospace $HONA

Benjamin Edwards Inc. purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONAFree Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 20,042 shares of the company’s stock, valued at approximately $4,430,000.

A number of other institutional investors also recently bought and sold shares of HONA. Meeder Asset Management Inc. bought a new position in Honeywell Aerospace during the second quarter valued at $29,000. Bell Investment Advisors Inc bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth about $29,000. Strategic Wealth Advisors LLC purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth about $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth about $41,000. Finally, Gables Capital Management Inc. bought a new position in Honeywell Aerospace during the 2nd quarter valued at about $47,000.

Honeywell Aerospace Stock Performance

NASDAQ:HONA opened at $162.37 on Monday. The company has a market cap of $51.46 billion and a price-to-earnings ratio of 86.83. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50. The firm has a 50-day simple moving average of $195.14.

Honeywell Aerospace (NASDAQ:HONAGet Free Report) last announced 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 for the quarter. Sell-side analysts expect that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HONA. TD Cowen started coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They issued a “hold” rating and a $250.00 price objective on the stock. UBS Group dropped their target price 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. Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. Jefferies Financial Group set a $175.00 price target on Honeywell Aerospace in a research note on Sunday, August 9th. Finally, JPMorgan Chase & Co. started coverage on Honeywell Aerospace in a report on Friday, July 10th. They set a “neutral” rating and a $255.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $224.17.

View Our Latest Analysis on HONA

Honeywell Aerospace Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Honeywell Aerospace (NASDAQ:HONA)

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