30,373 Honeywell Aerospace $HONA Shares Purchased by Talbot Financial LLC

Key Points

• Talbot Financial increased its Honeywell Aerospace stake by 62.5% in the third quarter, purchasing 30,373 additional shares for a total of 78,974 shares valued at approximately $12.24 million.
• Analyst sentiment remains mixed: five analysts rate HONA a Buy, eleven recommend Hold, and two recommend Sell. The consensus rating is Hold, with an average price target of $201.93.
• Honeywell Aerospace shares recently traded at $163.70, near the lower end of their 52-week range of $149.19 to $297.50. The company reported $4.35 billion in quarterly revenue and analysts expect full-year EPS of $7.77.

Talbot Financial LLC raised its position in Honeywell Aerospace (NASDAQ:HONA - Free Report) by 62.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 78,974 shares of the company's stock after purchasing an additional 30,373 shares during the period. Talbot Financial LLC's holdings in Honeywell Aerospace were worth $12,239,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HONA. Ameliora Wealth Management Ltd. acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at about $25,000. Leo H. Evart Inc. purchased a new position in shares of Honeywell Aerospace in the second quarter worth about $26,000. Outlook Capital Management LLC purchased a new position in shares of Honeywell Aerospace in the second quarter worth about $26,000. Security National Bank of SO Dak purchased a new position in shares of Honeywell Aerospace in the second quarter worth about $27,000. Finally, Cherry Tree Wealth Management LLC acquired a new position in Honeywell Aerospace during the second quarter worth about $28,000.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HONA. Zacks Research lowered shares of Honeywell Aerospace from a "hold" rating to a "strong sell" rating in a research report on Monday, September 14th. Susquehanna began coverage on shares of Honeywell Aerospace in a report on Thursday, September 17th. They issued a "positive" rating and a $190.00 price objective for the company. BNP Paribas Exane decreased their target price on shares of Honeywell Aerospace from $210.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 6th. Wells Fargo & Company set a $195.00 target price on shares of Honeywell Aerospace in a research note on Monday, August 10th. Finally, 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. Five research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $201.93.

Honeywell Aerospace Stock Performance

Shares of HONA traded down $4.39 during midday trading on Monday, reaching $163.70. The company had a trading volume of 1,117,859 shares, compared to its average volume of 3,539,494. Honeywell Aerospace has a 1-year low of $149.19 and a 1-year high of $297.50. The business has a 50 day simple moving average of $160.27. The company has a market capitalization of $51.89 billion and a PE ratio of 87.54.

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 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 7.77 EPS for the current year.

Honeywell Aerospace Company Profile

Honeywell Aerospace develops and supplies aerospace technologies for commercial aviation, business and general aviation, defense, and space customers. Its portfolio includes aircraft engines and auxiliary power units, avionics, flight controls, navigation and communication systems, environmental and thermal-management equipment, wheels and brakes, and other propulsion and mechanical systems.

The company also provides aftermarket support, including maintenance, repair and overhaul services, replacement parts, upgrades, technical assistance, and digital solutions designed to improve aircraft performance and operational efficiency.

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