44,949 Shares in Honeywell Aerospace $HONA Purchased by Citizens Financial Group Inc. RI

Key Points

• Citizens Financial Group purchased 44,949 Honeywell Aerospace shares in the second quarter, valued at approximately $10.1 million. Several other institutional investors also initiated smaller positions.
• Analyst sentiment is mixed, with ratings ranging from “strong buy” to “hold.” MarketBeat reports a consensus “Hold” rating and an average price target of $224.17.
• Honeywell Aerospace shares opened at $160.76, near the lower end of their $150.03–$297.50 52-week range. The company reported $4.35 billion in quarterly revenue, while analysts forecast full-year EPS of $7.75.

Citizens Financial Group Inc. RI purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 44,949 shares of the company's stock, valued at approximately $10,063,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HONA. Bell Investment Advisors Inc acquired a new position in Honeywell Aerospace in the second quarter valued at approximately $29,000. Trifecta Capital Advisors LLC acquired a new position in Honeywell Aerospace in the second quarter valued at about $67,000. Kelleher Financial Advisors acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $78,000. J.Safra Asset Management Corp acquired a new position in shares of Honeywell Aerospace in the second quarter valued at approximately $124,000. Finally, Dunhill Financial LLC bought a new position in Honeywell Aerospace during the 2nd quarter worth about $144,000.

Analyst Upgrades and Downgrades

HONA has been the topic of several recent research reports. JPMorgan Chase & Co. initiated coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They issued a "neutral" rating and a $255.00 price target on the stock. BMO Capital Markets cut their price target on Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating for the company in a report on Monday, August 10th. Melius Research upgraded shares of Honeywell Aerospace to a "strong-buy" rating in a research report on Monday, June 29th. Argus assumed coverage on shares of Honeywell Aerospace in a research report on Thursday, July 9th. They issued a "buy" rating and a $275.00 target price for the company. Finally, Wells Fargo & Company set a $195.00 price target on Honeywell Aerospace in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Honeywell Aerospace currently has a consensus rating of "Hold" and a consensus price target of $224.17.

Honeywell Aerospace Trading Down 0.5%

Honeywell Aerospace stock opened at $160.76 on Wednesday. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50. The company has a market capitalization of $50.95 billion and a P/E ratio of 85.97.

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 business had revenue of $4.35 billion during the quarter. Equities analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Honeywell Aerospace Company 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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