6,686 Shares in Honeywell Aerospace $HONA Bought by Werlinich Asset Management LLC

Key Points

• Werlinich Asset Management LLC acquired 6,686 Honeywell Aerospace shares during the second quarter, valued at approximately $1.48 million.
• Several other institutional investors also initiated positions, including Oppenheimer Asset Management, which purchased approximately $8.81 million worth of shares.
• Honeywell Aerospace was trading at $154.96, near its 52-week low, while analysts maintained a consensus “Hold” rating with an average price target of $224.17.

Werlinich Asset Management LLC purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,686 shares of the company's stock, valued at approximately $1,478,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Hardy Reed LLC bought a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $1,151,000. Plan Group Financial LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $270,000. Mill Capital Management LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $419,000. Bryn Mawr Trust Advisors LLC acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at about $1,301,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at about $8,809,000.

Honeywell Aerospace Trading Up 1.6%

NASDAQ HONA opened at $154.96 on Friday. The firm has a market cap of $49.11 billion and a PE ratio of 82.87. The business's 50-day moving average is $191.72. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50.

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 company had revenue of $4.35 billion during the quarter. On average, equities analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Evercore set a $210.00 price target on Honeywell Aerospace in a research report on Thursday, August 6th. Morgan Stanley raised Honeywell Aerospace from an "equal weight" rating to an "overweight" rating and set a $205.00 price objective for the company in a research report on Wednesday, August 19th. UBS Group reduced their target price on Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating for the company in a research note on Thursday, August 6th. Zacks Research raised Honeywell Aerospace to a "hold" rating in a report on Wednesday, July 1st. Finally, BNP Paribas Exane decreased their target price on Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating on the stock in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $224.17.

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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