201,896 Shares in Honeywell Aerospace $HONA Purchased by HighTower Advisors LLC

Key Points

• HighTower Advisors acquired 201,896 Honeywell Aerospace shares worth approximately $45.2 million in the second quarter, giving it a 0.06% stake. Several other institutional investors also initiated positions.
• Honeywell Aerospace shares opened at $161.01, with a market capitalization of $51.03 billion and a 52-week range of $150.03 to $297.50. The company reported $4.35 billion in quarterly revenue, while analysts expect full-year EPS of $7.75.
• Analyst sentiment is mixed: MarketBeat shows an average rating of “Hold” and an average price target of $224.17, following several target-price reductions and ratings ranging from Strong Buy to Hold.

HighTower Advisors LLC purchased a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 201,896 shares of the company's stock, valued at approximately $45,204,000. HighTower Advisors LLC owned 0.06% of Honeywell Aerospace at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of HONA. Hardy Reed LLC purchased a new position in shares of Honeywell Aerospace during the 2nd quarter valued at approximately $1,151,000. Plan Group Financial LLC acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $270,000. Mill Capital Management LLC purchased a new stake in Honeywell Aerospace during the second quarter worth $419,000. Bryn Mawr Trust Advisors LLC purchased a new stake in Honeywell Aerospace during the second quarter worth $1,301,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Honeywell Aerospace during the second quarter valued at $8,809,000.

Honeywell Aerospace Price Performance

NASDAQ:HONA opened at $161.01 on Tuesday. The firm has a market capitalization of $51.03 billion and a PE ratio of 86.10. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The business's fifty day moving average is $190.46.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last announced its earnings results 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 during the quarter. Equities research analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HONA. Wolfe Research assumed coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a "hold" rating for the company. Evercore set a $210.00 target price on shares of Honeywell Aerospace in a research note on Thursday, August 6th. Royal Bank Of Canada cut their price target on Honeywell Aerospace from $300.00 to $250.00 and set an "outperform" rating for the company in a research note on Thursday, August 6th. BNP Paribas Exane reduced 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. Finally, Vertical Research initiated coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They set a "hold" rating and a $243.00 price target on the stock. One investment 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. According to MarketBeat, Honeywell Aerospace currently has an average rating of "Hold" and an average target price of $224.17.

Honeywell Aerospace Company Profile

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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