18,849 Shares in Honeywell Aerospace $HONA Purchased by Integrated Wealth Concepts LLC

Key Points

• Integrated Wealth Concepts LLC purchased 18,849 Honeywell Aerospace shares during the second quarter, valued at approximately $4.17 million. Several other investment firms also initiated positions in the company.
• Analyst sentiment is mixed, with the stock carrying a consensus “Hold” rating and an average price target of $224.17. Recent analysts lowered price targets, although some firms maintained or upgraded their bullish ratings.
• Honeywell Aerospace shares opened at $158.26, near their 52-week low of $149.19 and well below the 52-week high of $297.50; the company reported quarterly revenue of $4.35 billion.

Integrated Wealth Concepts LLC bought a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,849 shares of the company's stock, valued at approximately $4,167,000.

Other large investors also recently modified their holdings of the company. Ameliora Wealth Management Ltd. bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $25,000. Leo H. Evart Inc. bought a new position in Honeywell Aerospace during the second quarter valued at $26,000. Outlook Capital Management LLC purchased a new stake in Honeywell Aerospace in the second quarter worth $26,000. Bell Investment Advisors Inc purchased a new stake in Honeywell Aerospace in the second quarter worth $29,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Honeywell Aerospace in the second quarter valued at $29,000.

Analyst Ratings Changes

A number of research analysts have recently commented on HONA shares. 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. Zacks Research raised Honeywell Aerospace to a "hold" rating in a report on Wednesday, July 1st. 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. TD Cowen began coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They set a "hold" rating and a $250.00 price objective on the stock. Finally, Melius Research upgraded shares of Honeywell Aerospace to a "strong-buy" rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $224.17.

Honeywell Aerospace Stock Performance

Shares of NASDAQ HONA opened at $158.26 on Friday. The stock has a market capitalization of $50.16 billion and a PE ratio of 84.63. Honeywell Aerospace has a fifty-two week low of $149.19 and a fifty-two week high of $297.50. The company has a fifty day moving average of $184.60.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last released its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The company had revenue of $4.35 billion for the quarter. Analysts predict that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Honeywell Aerospace Profile

Honeywell Aerospace is an aerospace technology company that develops and supplies systems, components and services for commercial aviation, business and general aviation, defense and space markets. Its portfolio includes aircraft engines, auxiliary power units, avionics, flight controls, navigation and communication systems, thermal management equipment, wheels and brakes, and other propulsion and safety technologies.

The company serves aircraft manufacturers, airlines, business aviation operators, military customers and aftermarket service providers around the world.

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