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

Key Points

• Werlinich Asset Management acquired 6,686 Honeywell Aerospace shares in the second quarter, valued at approximately $1.712 million. Several major institutions, including BlackRock and Wellington Management, also established new positions.
• Analyst sentiment is broadly neutral, with one Strong Buy, five Buy, and nine Hold ratings. The consensus rating is Hold, with an average price target of $224.17.
• HONA shares opened at $154.96, giving the company a market capitalization of approximately $49.11 billion, after trading between $150.03 and $297.50 over the past year.

Werlinich Asset Management LLC acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 6,686 shares of the company's stock, valued at approximately $1,712,000.

Several other hedge funds and other institutional investors have also made changes to their positions in HONA. BlackRock Inc. acquired a new stake in shares of Honeywell Aerospace in the second quarter worth approximately $5,253,341,000. Wellington Management Group LLP purchased a new stake in shares of Honeywell Aerospace during the second quarter worth approximately $1,705,882,000. Bank of America Corp DE acquired a new position in Honeywell Aerospace in the 2nd quarter valued at $1,034,187,000. Bank of New York Mellon Corp acquired a new position in Honeywell Aerospace in the 2nd quarter valued at $644,412,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Honeywell Aerospace in the 2nd quarter valued at $370,544,000.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HONA. Vertical Research assumed coverage on shares of Honeywell Aerospace in a research note on Wednesday, July 1st. They set a "hold" rating and a $243.00 target price on the stock. Wall Street Zen raised shares of Honeywell Aerospace to a "hold" rating in a research note on Sunday, July 12th. BNP Paribas Exane lowered their price target on shares of Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating on the stock in a research report on Thursday, August 6th. Jefferies Financial Group set a $175.00 price objective on shares of Honeywell Aerospace in a research note on Sunday, August 9th. Finally, Royal Bank Of Canada cut their price objective on shares of Honeywell Aerospace from $300.00 to $250.00 and set an "outperform" 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 given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $224.17.

Honeywell Aerospace Stock Up 1.6%

Shares of HONA stock opened at $154.96 on Friday. The stock has a market capitalization of $49.11 billion and a P/E ratio of 82.87. The stock's 50-day moving average price is $191.72. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last posted 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 during the quarter. As a group, analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal 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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