13,340 Shares in Honeywell Aerospace $HONA Bought by Vise Technologies Inc.

Key Points

• Vise Technologies bought 13,340 Honeywell Aerospace shares during the second quarter, valued at approximately $2.95 million. Several other institutional investors also initiated positions, including Oppenheimer Asset Management, which acquired an estimated $8.81 million stake.
• Honeywell Aerospace shares opened at $164.73, with a market capitalization of $52.21 billion and a 12-month trading range of $150.03 to $297.50. The company reported $4.35 billion in quarterly revenue, while analysts expect full-year EPS of $7.75.
• Analyst sentiment is broadly neutral: MarketBeat reports an average rating of “Hold” and a consensus price target of $224.17, although recent targets range from $175 to $250.

Vise Technologies Inc. purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,340 shares of the company's stock, valued at approximately $2,949,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HONA. Grandfield & Dodd LLC purchased a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $759,000. SCS Capital Management LLC acquired a new position in Honeywell Aerospace in the 2nd quarter worth about $1,821,000. SFE Investment Counsel purchased a new position in Honeywell Aerospace during the second quarter worth approximately $2,981,000. MidFirst Bank purchased a new position in Honeywell Aerospace during the second quarter worth approximately $5,608,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Honeywell Aerospace in the second quarter valued at approximately $8,809,000.

Honeywell Aerospace Stock Performance

HONA stock opened at $164.73 on Friday. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The stock has a market capitalization of $52.21 billion and a P/E ratio of 88.09.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last announced its earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The firm had revenue of $4.35 billion for the quarter. As a group, analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HONA shares. BMO Capital Markets cut their price objective on Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating for the company in a research report on Monday, August 10th. Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a research report on Sunday, August 9th. Vertical Research initiated 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 on the stock. TD Cowen initiated coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a "hold" rating and a $250.00 price target for the company. Finally, Evercore set a $210.00 price objective on shares of Honeywell Aerospace in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $224.17.

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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