225,531 Shares in Honeywell Aerospace $HONA Bought by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP purchased 225,531 Honeywell Aerospace shares worth approximately $49.86 million, representing about 0.07% of the company. Several other institutional investors also initiated positions during the second quarter.
• Analyst sentiment is mixed but centers on a “Hold” consensus, with 1 Strong Buy, 5 Buy, 9 Hold, and 1 Sell rating. The average price target is $224.17, though BMO recently cut its target to $209 while maintaining an outperform rating.
• Honeywell Aerospace shares opened at $158.26, near the lower end of their $149.19–$297.50 52-week range. The company reported $4.35 billion in quarterly revenue, and analysts expect full-year EPS of $7.75.

Corient Private Wealth LP 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 & Exchange Commission. The fund purchased 225,531 shares of the company's stock, valued at approximately $49,860,000. Corient Private Wealth LP owned about 0.07% of Honeywell Aerospace at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Ironvine Capital Partners LLC purchased a new position in shares of Honeywell Aerospace during the second quarter worth approximately $10,452,000. California State Teachers Retirement System acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter worth $24,053,526,000. SFE Investment Counsel purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at about $2,981,000. Werlinich Asset Management LLC purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at about $1,478,000. Finally, MidFirst Bank purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at about $5,608,000.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of Honeywell Aerospace to a "hold" rating in a report on Sunday, July 12th. BMO Capital Markets lowered their price objective on Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating on the stock in a report on Monday, August 10th. Wolfe Research started coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a "hold" rating on the stock. Vertical Research assumed coverage on Honeywell Aerospace in a report on Wednesday, July 1st. They issued a "hold" rating and a $243.00 price target for the company. Finally, TD Cowen began coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a "hold" rating and a $250.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $224.17.

Honeywell Aerospace Price Performance

Honeywell Aerospace stock opened at $158.26 on Friday. Honeywell Aerospace has a fifty-two week low of $149.19 and a fifty-two week high of $297.50. The firm has a market capitalization of $50.16 billion and a price-to-earnings ratio of 84.63. The firm has a fifty day moving average price of $184.60.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last announced its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The business had revenue of $4.35 billion during the quarter. On average, equities research analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share 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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