Covington Investment Advisors Inc. acquired a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 17,236 shares of the company's stock, valued at approximately $3,811,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Bell Investment Advisors Inc bought a new stake in shares of Honeywell Aerospace in the second quarter valued at $29,000. Strategic Wealth Advisors LLC purchased a new position in shares of Honeywell Aerospace during the 2nd quarter valued at $29,000. Meeder Asset Management Inc. bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth $40,000. Finally, Gables Capital Management Inc. purchased a new stake in Honeywell Aerospace in the 2nd quarter worth about $47,000.
Honeywell Aerospace Stock Performance
Shares of HONA opened at $158.11 on Tuesday. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50. The company has a market capitalization of $50.11 billion and a PE ratio of 84.55. The firm's 50-day moving average is $194.29.
Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last issued its quarterly earnings data 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. Equities analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current year.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. BNP Paribas Exane lowered their price objective on Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating on the stock in a research note on Thursday, August 6th. Morgan Stanley upgraded shares of Honeywell Aerospace from an "equal weight" rating to an "overweight" rating and set a $205.00 target price for the company in a research report on Wednesday, August 19th. BMO Capital Markets reduced their target price 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. Melius Research raised shares of Honeywell Aerospace to a "strong-buy" rating in a research report on Monday, June 29th. Finally, Wells Fargo & Company set a $195.00 price target on shares of Honeywell Aerospace in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Honeywell Aerospace has a consensus rating of "Hold" and an average price target of $224.17.
View Our Latest Research Report on HONA
Honeywell Aerospace Profile
(
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.
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