11,900 Shares in Honeywell Aerospace $HONA Bought by Maxi Investments CY Ltd

Key Points

• Maxi Investments CY Ltd acquired 11,900 Honeywell Aerospace shares during the second quarter, valued at approximately $2.63 million. Several other institutional investors also initiated positions.
• Analyst sentiment is mostly neutral: the stock has a consensus “Hold” rating from MarketBeat, with an average price target of $224.17, despite recent target-price cuts from BNP Paribas Exane and BMO Capital Markets.
• Honeywell Aerospace opened at $161.20, with a $51.09 billion market capitalization and a 52-week trading range of $150.03 to $297.50. The company reported $4.35 billion in quarterly revenue, while analysts forecast full-year EPS of $7.75.

Maxi Investments CY Ltd acquired a new position in Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,900 shares of the company's stock, valued at approximately $2,631,000.

A number of other institutional investors have also recently bought and sold shares of the business. Meeder Asset Management Inc. purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $29,000. Bell Investment Advisors Inc bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $29,000. Strategic Wealth Advisors LLC purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth about $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth about $40,000. Finally, Gables Capital Management Inc. bought a new position in Honeywell Aerospace during the second quarter valued at about $47,000.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wall Street Zen raised shares of Honeywell Aerospace to a "hold" rating in a research report on Sunday, July 12th. BNP Paribas Exane dropped their target price on shares of Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating on the stock in a research note on Thursday, August 6th. JPMorgan Chase & Co. started 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. BMO Capital Markets decreased their price target on shares of Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating for the company in a research note on Monday, August 10th. Finally, Evercore set a $210.00 price target on shares of Honeywell Aerospace in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $224.17.

Honeywell Aerospace Stock Performance

NASDAQ:HONA opened at $161.20 on Tuesday. The firm has a market cap of $51.09 billion and a P/E ratio of 86.20. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last posted 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. Research analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current 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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