57,153 Honeywell Aerospace $HONA Shares Sold by Valley Wealth Managers Inc.

Key Points

• Valley Wealth Managers cut its Honeywell Aerospace stake by 96%, selling 57,153 shares in the third quarter and retaining 2,406 shares valued at approximately $373,000.
• Several major institutions, including BlackRock, State Street and Wellington Management, established multibillion-dollar positions in Honeywell Aerospace during the second quarter.
• HONA recently traded at $157.94 with an average analyst rating of Hold and a consensus price target around $207.67, while analysts remain divided on the company’s outlook and legal and disclosure concerns add risk.

Valley Wealth Managers Inc. lowered its holdings in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) by 96.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,406 shares of the company's stock after selling 57,153 shares during the quarter. Valley Wealth Managers Inc.'s holdings in Honeywell Aerospace were worth $373,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at about $5,253,341,000. State Street Corp bought a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $2,945,044,000. Wellington Management Group LLP purchased a new position in Honeywell Aerospace in the second quarter worth about $1,705,882,000. Bank of America Corp DE purchased a new position in Honeywell Aerospace in the second quarter worth about $1,034,187,000. Finally, Bank of New York Mellon Corp purchased a new position in Honeywell Aerospace in the second quarter worth about $644,412,000.

Honeywell Aerospace Stock Up 2.6%

HONA opened at $157.94 on Friday. Honeywell Aerospace has a 12-month low of $149.19 and a 12-month high of $297.50. The stock's fifty day moving average price is $163.27. The company has a market cap of $50.06 billion and a P/E ratio of 84.46.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on HONA shares. Morgan Stanley raised Honeywell Aerospace from an "equal weight" rating to an "overweight" rating and set a $205.00 price objective on the stock in a research note on Wednesday, August 19th. Zacks Research lowered Honeywell Aerospace from a "hold" rating to a "strong sell" rating in a research note on Monday, September 14th. JPMorgan Chase & Co. started coverage on Honeywell Aerospace in a research note on Friday, July 10th. They issued a "neutral" rating and a $255.00 price objective for the company. Melius Research set a $190.00 target price on Honeywell Aerospace in a report on Monday, September 14th. Finally, Evercore set a $210.00 target price on Honeywell Aerospace in a research report on Thursday, August 6th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $207.67.

Key Headlines Impacting Honeywell Aerospace

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.

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