23,454 Shares in Honeywell Aerospace $HONA Purchased by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC purchased 23,454 Honeywell Aerospace shares worth approximately $3.64 million, joining several other firms that recently initiated positions.
• Analysts remain cautious: the stock has a consensus “Hold” rating and an average price target of $207.67, compared with its recent price near $157.94.
• Honeywell Aerospace faces potential volatility from rising short interest, securities-class-action litigation allegations, and concerns about management credibility, despite expectations for $7.75 in current-year EPS.

Farther Finance Advisors LLC bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 23,454 shares of the company's stock, valued at approximately $3,635,000.

Several other hedge funds have also added to or reduced their stakes in the business. Ameliora Wealth Management Ltd. bought a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $25,000. Leo H. Evart Inc. bought a new position in shares of Honeywell Aerospace during the second quarter valued at $26,000. Outlook Capital Management LLC bought a new position in shares of Honeywell Aerospace during the second quarter valued at $26,000. Security National Bank of SO Dak bought a new position in shares of Honeywell Aerospace during the second quarter valued at $27,000. Finally, Cherry Tree Wealth Management LLC acquired a new position in shares of Honeywell Aerospace during the second quarter worth $28,000.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Melius Research set a $190.00 price objective on shares of Honeywell Aerospace in a research note on Monday, September 14th. Wall Street Zen upgraded Honeywell Aerospace to a "hold" rating in a report on Sunday, July 12th. BNP Paribas Exane lowered their target price on Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating for the company in a research report on Thursday, August 6th. JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a report on Friday, July 10th. They set a "neutral" rating and a $255.00 target price on the stock. Finally, Evercore set a $210.00 target price on Honeywell Aerospace in a report on Thursday, August 6th. Six equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $207.67.

Honeywell Aerospace Price Performance

Shares of NASDAQ HONA opened at $157.94 on Monday. The firm has a market cap of $50.06 billion and a P/E ratio of 84.46. Honeywell Aerospace has a 52-week low of $149.19 and a 52-week high of $297.50. The stock has a 50 day moving average price of $163.27.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last posted 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 during the quarter. On average, sell-side analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Honeywell Aerospace News Roundup

Here are the key news stories impacting Honeywell Aerospace this week:

• Positive Sentiment: Analyst estimates imply potential upside. The reported average price target is $217.33, while Goldman Sachs initiated coverage with a Neutral rating and a $190 target, representing longer-term upside from recent levels. Goldman cited strong long-term potential, although it sees limited near-term upside. Honeywell Aerospace Stock Has Average Price Target of $217.33 According to Analysts Goldman Sachs Reiterates Hold on Honeywell Aerospace
• Neutral Sentiment: TD Cowen lowered its price target to $170 from $180, signaling reduced expectations but still leaving the target above the recent share price. The move adds to evidence that analysts see some valuation support, while remaining cautious about near-term performance. TD Cowen Adjusts Price Target on Honeywell Aerospace
• Neutral Sentiment: Short-interest data is inconsistent. One report shows short interest rose 61.9% to 8.6 million shares as of September 30, equal to 2.7% of shares outstanding and 1.9 days to cover, while another reports zero shares short as of October 9. The apparent discrepancy limits the usefulness of the latest figure, but the September increase suggests growing bearish positioning and possible volatility.
• Negative Sentiment: Several law firms publicized a securities class action covering investors who purchased HONA between June 29 and September 1, with a November 23 lead-plaintiff deadline. The allegations reportedly involve disclosures concerning potential False Claims Act enforcement and a Justice Department cybersecurity inquiry; these claims have not been proven. The litigation creates legal costs, headline risk and potential reputational damage. Kaplan Fox Announces Securities Class Action
• Negative Sentiment: Jim Cramer criticized Honeywell Aerospace’s management credibility, adding to investor concerns about leadership and disclosure quality. Such commentary is subjective but may reinforce the negative sentiment surrounding the company. Honeywell Aerospace’s Valuation Tells Only Part of the Story for Jim Cramer

Honeywell Aerospace Profile

Honeywell Aerospace is an aerospace and defense technology company that develops systems and equipment for commercial aircraft, business and general aviation, military platforms, and spacecraft. Its portfolio includes aircraft engines and propulsion systems, auxiliary power units, avionics, flight controls, environmental control systems, electrical power systems, landing systems, communications technology, and aircraft safety products.

The company also provides software, connected-aircraft technologies, maintenance, repair and overhaul services, spare parts, upgrades, and other aftermarket support.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.