E20 Capital Ltd purchased a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 144,577 shares of the company's stock, valued at approximately $32,371,000. Honeywell Aerospace accounts for about 2.6% of E20 Capital Ltd's investment portfolio, making the stock its 12th biggest holding.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace during the second quarter worth $29,000. Bell Investment Advisors Inc acquired a new position in shares of Honeywell Aerospace during the second quarter valued at about $29,000. Strategic Wealth Advisors LLC acquired a new position in shares of Honeywell Aerospace during the second quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Honeywell Aerospace during the second quarter worth about $41,000. Finally, Gables Capital Management Inc. bought a new stake in shares of Honeywell Aerospace during the second quarter worth about $47,000.
Honeywell Aerospace Price Performance
NASDAQ HONA opened at $164.73 on Monday. The firm has a market capitalization of $52.21 billion and a PE ratio of 88.09. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50.
Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last released its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The firm had revenue of $4.35 billion for the quarter. Analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company set a $195.00 target price on shares of Honeywell Aerospace in a report on Monday, August 10th. Argus assumed coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They set a "buy" rating and a $275.00 price target for the company. Zacks Research raised Honeywell Aerospace to a "hold" rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. started coverage on Honeywell Aerospace in a research note on Friday, July 10th. They issued a "neutral" rating and a $255.00 price objective for the company. Finally, Vertical Research started coverage on Honeywell Aerospace in a report on Wednesday, July 1st. They issued a "hold" rating and a $243.00 target price on the stock. One investment 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $224.17.
Read Our Latest Stock Report on HONA
About Honeywell Aerospace
(
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.
See Also
Want to see what other hedge funds are holding HONA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell Aerospace (NASDAQ:HONA - Free Report).
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