9,513 Shares in Honeywell Aerospace $HONA Acquired by Van Hulzen Asset Management LLC

Key Points

• Van Hulzen Asset Management acquired 9,513 shares of Honeywell Aerospace during the second quarter, valued at approximately $2.1 million. Several major institutional investors also initiated positions in the company.
• 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 $151.58, near their 52-week low of $150.03 and down sharply from the $297.50 high. The company reported $4.35 billion in quarterly revenue, while analysts expect $7.75 in full-year earnings per share.

Van Hulzen Asset Management LLC purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,513 shares of the company's stock, valued at approximately $2,103,000.

A number of other hedge funds also recently made changes to their positions in HONA. California State Teachers Retirement System acquired a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $24,053,526,000. BlackRock Inc. acquired a new position in Honeywell Aerospace during the second quarter valued at approximately $5,253,341,000. Wellington Management Group LLP acquired a new position in Honeywell Aerospace during the second quarter valued at approximately $1,705,882,000. Bank of America Corp DE purchased a new stake in Honeywell Aerospace during the second quarter worth approximately $1,034,187,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Honeywell Aerospace in the second quarter worth $644,412,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Jefferies Financial Group set a $175.00 target price on shares of Honeywell Aerospace in a report on Sunday, August 9th. Argus initiated coverage on shares of Honeywell Aerospace in a research note on Thursday, July 9th. They set a "buy" rating and a $275.00 price objective on the stock. BMO Capital Markets cut their target price on shares of Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating on the stock in a report on Monday, August 10th. Wall Street Zen upgraded Honeywell Aerospace to a "hold" rating in a research note on Sunday, July 12th. Finally, Melius Research raised Honeywell Aerospace to a "strong-buy" rating in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $224.17.

Honeywell Aerospace Stock Down 2.5%

Shares of NASDAQ:HONA opened at $151.58 on Thursday. The company has a 50 day moving average price of $188.25. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50. The firm has a market capitalization of $48.04 billion and a price-to-earnings ratio of 81.06.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last released its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The business had revenue of $4.35 billion for the quarter. Sell-side analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

About Honeywell Aerospace

Honeywell Aerospace is an aerospace technology company that develops and supplies systems, components and services for commercial aviation, business and general aviation, defense and space markets. Its portfolio includes aircraft engines, auxiliary power units, avionics, flight controls, navigation and communication systems, thermal management equipment, wheels and brakes, and other propulsion and safety technologies.

The company serves aircraft manufacturers, airlines, business aviation operators, military customers and aftermarket service providers around the world.

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