14,976 Shares in Honeywell Aerospace $HONA Bought by Kingsview Wealth Management LLC

Key Points

• Kingsview Wealth Management purchased 14,976 Honeywell Aerospace shares during the second quarter, valued at approximately $3.31 million. Several other institutional investors also initiated positions in the company.
• Honeywell Aerospace shares opened at $162.37, with a market capitalization of $51.46 billion and a 52-week trading range of $150.03 to $297.50. The company reported quarterly revenue of $4.35 billion, while analysts expect full-year earnings per share of $7.75.
• Analyst sentiment is mixed but leans neutral: Honeywell Aerospace has a consensus rating of “Hold” and an average price target of $224.17, although several firms recently lowered their targets.

Kingsview Wealth Management LLC purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 14,976 shares of the company's stock, valued at approximately $3,311,000.

Other large investors have also recently made changes to their positions in the company. Bell Investment Advisors Inc bought a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $29,000. Strategic Wealth Advisors LLC purchased a new position in Honeywell Aerospace in the second quarter worth about $29,000. Meeder Asset Management Inc. bought a new stake in Honeywell Aerospace during the second quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Honeywell Aerospace during the second quarter worth approximately $40,000. Finally, Gables Capital Management Inc. purchased a new stake in Honeywell Aerospace during the second quarter valued at approximately $47,000.

Honeywell Aerospace Trading Up 1.0%

Shares of Honeywell Aerospace stock opened at $162.37 on Friday. The company has a market cap of $51.46 billion and a PE ratio of 86.83. The business's 50-day simple moving average is $195.14. 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 issued its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The company had revenue of $4.35 billion for the quarter. Research analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HONA. TD Cowen began coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a "hold" rating and a $250.00 target price for the company. BMO Capital Markets decreased their price target on Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating on the stock in a report on Monday, August 10th. BNP Paribas Exane decreased their price target on Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating on the stock in a report on Thursday, August 6th. JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a research report on Friday, July 10th. They issued a "neutral" rating and a $255.00 price target for the company. Finally, Royal Bank Of Canada cut their price objective on shares of 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 investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Honeywell Aerospace currently has an average rating of "Hold" and a consensus target price 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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