25,538 Shares in Honeywell Aerospace $HONA Bought by Clifford Swan Investment Counsel LLC

Key Points

• Clifford Swan Investment Counsel LLC bought 25,538 Honeywell Aerospace shares during the second quarter, valued at approximately $6.54 million. Several other institutional investors also initiated positions, including Oppenheimer Asset Management with an investment of about $8.81 million.
• Analyst sentiment remains cautious, with the stock carrying an average rating of “Hold” and an average price target of $224.17. Recent firms including BNP Paribas Exane and UBS lowered their price targets.
• Honeywell Aerospace shares opened at $158.11, down 2.6%, near the lower end of their $150.03–$297.50 12-month range. The company reported $4.35 billion in quarterly revenue and has a market capitalization of roughly $50.11 billion.

Clifford Swan Investment Counsel LLC bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 25,538 shares of the company's stock, valued at approximately $6,538,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hardy Reed LLC bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth about $1,151,000. Plan Group Financial LLC bought a new position in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $270,000. Mill Capital Management LLC acquired a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $419,000. Bryn Mawr Trust Advisors LLC acquired a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $1,301,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Honeywell Aerospace during the second quarter worth approximately $8,809,000.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. TD Cowen assumed coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They issued a "hold" rating and a $250.00 price target on the stock. Wolfe Research assumed coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They set a "hold" rating for the company. BNP Paribas Exane lowered their target price on shares of Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating on the stock in a research note on Thursday, August 6th. JPMorgan Chase & Co. initiated coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They set a "neutral" rating and a $255.00 target price for the company. Finally, UBS Group decreased their price target on shares of Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating for the company in a report on Thursday, August 6th. One 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $224.17.

Honeywell Aerospace Trading Down 2.6%

NASDAQ HONA opened at $158.11 on Tuesday. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50. The company has a market capitalization of $50.11 billion and a PE ratio of 84.55. The company has a 50-day moving average of $194.29.

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