14,256 Shares in Honeywell Aerospace $HONA Bought by Toth Financial Advisory Corp

Key Points

• Toth Financial Advisory Corp. purchased 14,256 Honeywell Aerospace shares in the second quarter, valued at approximately $3.19 million. Several other institutional investors also initiated positions during the quarter.
• Analyst sentiment is mixed, with one Strong Buy, five Buy, and nine Hold ratings. The consensus rating is Hold, with an average price target of $224.17, despite several analysts recently reducing their targets.
• Honeywell Aerospace shares opened at $162.37, up 1%, with a market capitalization of $51.46 billion and a P/E ratio of 86.83. The company reported $4.35 billion in quarterly revenue, while analysts expect fiscal-year EPS of $7.75.

Toth Financial Advisory Corp purchased a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,256 shares of the company's stock, valued at approximately $3,192,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Grandfield & Dodd LLC acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $759,000. SCS Capital Management LLC bought a new position in shares of Honeywell Aerospace during the second quarter worth about $1,821,000. SFE Investment Counsel acquired a new position in Honeywell Aerospace in the second quarter worth about $2,981,000. MidFirst Bank acquired a new position in Honeywell Aerospace in the second quarter worth about $5,608,000. Finally, IMC Chicago LLC bought a new stake in Honeywell Aerospace in the second quarter valued at about $10,508,000.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HONA shares. UBS Group cut their price objective on Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating on the stock in a research note on Thursday, August 6th. Melius Research upgraded Honeywell Aerospace to a "strong-buy" rating in a research report on Monday, June 29th. BNP Paribas Exane lowered their price target on Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating for the company in a report on Thursday, August 6th. Argus initiated coverage on Honeywell Aerospace in a research report on Thursday, July 9th. They set a "buy" rating and a $275.00 price target on the stock. Finally, Royal Bank Of Canada dropped their price target on Honeywell Aerospace from $300.00 to $250.00 and set an "outperform" rating on the stock in a research report on Thursday, August 6th. One 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 company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $224.17.

Honeywell Aerospace Trading Up 1.0%

Shares of NASDAQ:HONA opened at $162.37 on Friday. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The firm's 50-day simple moving average is $195.14. The company has a market cap of $51.46 billion and a P/E ratio of 86.83.

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