Allworth Financial LP Invests $16.57 Million in Honeywell Aerospace $HONA

Allworth Financial LP bought a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 74,028 shares of the company's stock, valued at approximately $16,575,000.

Several other institutional investors have also modified their holdings of HONA. BlackRock Inc. acquired a new position in Honeywell Aerospace during the 2nd quarter worth approximately $5,253,341,000. Bank of New York Mellon Corp bought a new stake in Honeywell Aerospace in the second quarter valued at approximately $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Honeywell Aerospace during the 2nd quarter valued at $205,658,000. Deutsche Bank AG acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter worth about $152,933,000. Finally, Madison Asset Management LLC bought a new stake in shares of Honeywell Aerospace during the second quarter worth approximately $49,743,000.

Key Headlines Impacting Honeywell Aerospace

Here are the key news stories impacting Honeywell Aerospace this week:

• Positive Sentiment: Morgan Stanley upgraded Honeywell Aerospace to Overweight from Equal-weight and maintained a $205 price target. Analyst Kristine Liwag argued that the recent selloff created an attractive entry point, implying substantial upside from current levels. Honeywell Aerospace Stock Upgraded to Overweight Following Sell-Off
• Positive Sentiment: Multiple reports highlighted Morgan Stanley’s view that Honeywell Aerospace had become “too cheap to ignore.” The upgrade helped drive a sharp rebound in the stock during the prior session and may support investor confidence in the company’s long-term earnings outlook. Honeywell Aerospace is now too cheap to ignore, says Morgan Stanley
• Neutral Sentiment: Analyst coverage remains mixed, suggesting that Morgan Stanley’s bullish stance is not universally shared. Investors are likely balancing the $205 price target against valuation concerns, recent volatility, and uncertainty in the broader market. Honeywell Aerospace Sees Mixed Analyst Views
• Neutral Sentiment: Broader market conditions were also unfavorable, with rising yields and geopolitical concerns weighing on equities. Those macroeconomic pressures could limit the immediate benefit of the Morgan Stanley upgrade. Top Wall Street Analyst Research Calls
• Negative Sentiment: Law firm Bragar Eagel & Squire announced an investigation into Honeywell Aerospace on behalf of shareholders who suffered losses. Although the announcement does not establish wrongdoing, litigation-related headlines can increase uncertainty and weigh on the stock. Honeywell Aerospace Stockholder Alert

Wall Street Analyst Weigh In

Several research analysts have recently commented on HONA shares. Evercore set a $210.00 target price on shares of Honeywell Aerospace in a report on Thursday, August 6th. Melius Research raised Honeywell Aerospace to a "strong-buy" rating in a report on Monday, June 29th. Royal Bank Of Canada cut their price target on shares of Honeywell Aerospace from $300.00 to $250.00 and set an "outperform" rating on the stock in a report on Thursday, August 6th. Wall Street Zen upgraded Honeywell Aerospace to a "hold" rating in a report on Sunday, July 12th. Finally, JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a research report on Friday, July 10th. They issued a "neutral" rating and a $255.00 price objective for the company. One 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. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $224.17.

Honeywell Aerospace Stock Down 2.6%

Shares of NASDAQ:HONA opened at $165.89 on Friday. The firm has a market capitalization of $52.58 billion and a P/E ratio of 88.71. 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 released its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The company had revenue of $4.35 billion during the quarter. Sell-side analysts predict that Honeywell Aerospace will post 7.75 EPS for the current 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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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