7,492 Shares in Honeywell Aerospace $HONA Bought by Pin Oak Investment Advisors Inc.

Key Points

• Pin Oak Investment Advisors acquired 7,492 shares of Honeywell Aerospace during the second quarter, valued at approximately $1.68 million. Several major institutions, including BlackRock and Bank of America, also initiated sizable positions.
• Analyst sentiment is mixed, with one Strong Buy, five Buy, and nine Hold ratings. The consensus rating is Hold, with an average price target of $224.17.
• Honeywell Aerospace shares opened at $162.37, well below their 52-week high of $297.50. The company reported $4.35 billion in quarterly revenue, while analysts expect full-year EPS of $7.75.

Pin Oak Investment Advisors Inc. acquired a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,492 shares of the company's stock, valued at approximately $1,677,000.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter worth $5,253,341,000. Bank of America Corp DE purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at about $1,034,187,000. Bank of New York Mellon Corp acquired a new position in shares of Honeywell Aerospace during the second quarter worth about $644,412,000. Legal & General Group Plc acquired a new position in shares of Honeywell Aerospace during the second quarter worth about $370,665,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Honeywell Aerospace during the second quarter worth about $205,658,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wells Fargo & Company set a $195.00 price objective on shares of Honeywell Aerospace in a research report on Monday, August 10th. Zacks Research upgraded Honeywell Aerospace to a "hold" rating in a research report on Wednesday, July 1st. BMO Capital Markets cut their target price on Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating for the company in a research note on Monday, August 10th. Morgan Stanley raised Honeywell Aerospace from an "equal weight" rating to an "overweight" rating and set a $205.00 price target for the company in a report on Wednesday, August 19th. Finally, Melius Research upgraded Honeywell Aerospace to a "strong-buy" rating in a research note on Monday, June 29th. One equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $224.17.

Honeywell Aerospace Price Performance

Shares of NASDAQ HONA opened at $162.37 on Friday. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50. The company has a 50-day moving average of $195.14. The firm has a market capitalization of $51.46 billion and a PE ratio of 86.83.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last issued its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The company had revenue of $4.35 billion during the quarter. Research analysts forecast 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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