204,438 Shares in Honeywell Aerospace $HONA Bought by Capital Advisors Inc. OK

Key Points

• Capital Advisors Inc. OK acquired 204,438 Honeywell Aerospace shares worth approximately $45.8 million, representing about 0.06% of the company. Several other institutional investors also initiated positions during the second quarter.
• Analyst sentiment remains mixed, with the stock carrying an average “Hold” rating and an average price target of $224.17. Morgan Stanley upgraded the shares to “Overweight,” while UBS cut its target to $213 and maintained a “Neutral” rating.
• Honeywell Aerospace shares opened at $162.37, near the lower end of their 12-month range of $150.03 to $297.50. The company reported $4.35 billion in quarterly revenue, and analysts expect full-year earnings per share of $7.75.

Capital Advisors Inc. OK acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 204,438 shares of the company's stock, valued at approximately $45,774,000. Capital Advisors Inc. OK owned approximately 0.06% of Honeywell Aerospace as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Grandfield & Dodd LLC purchased a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $759,000. SCS Capital Management LLC purchased a new position in shares of Honeywell Aerospace in the second quarter valued at approximately $1,821,000. SFE Investment Counsel acquired a new stake in shares of Honeywell Aerospace in the second quarter worth approximately $2,981,000. MidFirst Bank acquired a new stake in shares of Honeywell Aerospace in the second quarter worth approximately $5,608,000. Finally, IMC Chicago LLC purchased a new stake in shares of Honeywell Aerospace during the second quarter worth approximately $10,508,000.

Analyst Ratings Changes

Several research analysts recently commented on the company. Jefferies Financial Group set a $175.00 price objective on Honeywell Aerospace in a research note on Sunday, August 9th. Zacks Research raised shares of Honeywell Aerospace to a "hold" rating in a research note on Wednesday, July 1st. UBS Group lowered their target price on Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating on the stock in a report on Thursday, August 6th. Morgan Stanley raised Honeywell Aerospace from an "equal weight" rating to an "overweight" rating and set a $205.00 price target for the company in a report on Wednesday, August 19th. Finally, Wolfe Research started coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a "hold" rating on the stock. One research 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $224.17.

Honeywell Aerospace Stock Up 1.0%

Shares of HONA stock opened at $162.37 on Friday. The stock has a market capitalization of $51.46 billion and a P/E ratio of 86.83. The stock's 50-day moving average price is $195.14. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last posted 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 during the quarter. As a group, analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Honeywell Aerospace 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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