8,781 Shares in Honeywell Aerospace $HONA Purchased by Clear Harbor Asset Management LLC

Key Points

• Clear Harbor Asset Management initiated a Honeywell Aerospace position by purchasing 8,781 shares worth approximately $1.94 million in the second quarter. Several other hedge funds also established new stakes, led by Oppenheimer Asset Management’s approximately $8.81 million investment.
• Honeywell Aerospace shares opened at $164.73, with a $52.21 billion market capitalization and a price-to-earnings ratio of 88.09. The stock has traded between $150.03 and $297.50 over the past 52 weeks.
• Analyst sentiment is mixed, with an overall “Hold” consensus and an average price target of $224.17. Ratings include one Strong Buy, five Buys, and nine Holds, while earnings for the current year are expected to reach $7.75 per share.

Clear Harbor Asset Management LLC purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 8,781 shares of the company's stock, valued at approximately $1,941,000.

Several other hedge funds have also bought and sold shares of HONA. Hardy Reed LLC purchased a new stake in Honeywell Aerospace in the second quarter worth about $1,151,000. Plan Group Financial LLC bought a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $270,000. Mill Capital Management LLC purchased a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $419,000. Bryn Mawr Trust Advisors LLC purchased a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $1,301,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $8,809,000.

Honeywell Aerospace Stock Performance

Shares of NASDAQ HONA opened at $164.73 on Friday. The company has a market capitalization of $52.21 billion and a PE ratio of 88.09. 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 earnings per share for the quarter. The firm had revenue of $4.35 billion for the quarter. On average, research analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HONA. Wells Fargo & Company set a $195.00 price target on Honeywell Aerospace in a research note on Monday, August 10th. Argus began coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They set a "buy" rating and a $275.00 price objective for the company. Evercore set a $210.00 target price on Honeywell Aerospace in a report on Thursday, August 6th. Wolfe Research initiated coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a "hold" rating on the stock. Finally, Royal Bank Of Canada reduced their price target on 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 issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $224.17.

About Honeywell Aerospace

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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