Ancora Advisors LLC Takes $23.35 Million Position in Honeywell Aerospace $HONA

Key Points

• Ancora Advisors purchased 105,618 shares of Honeywell Aerospace in the second quarter, establishing a new position valued at approximately $23.35 million.
• Honeywell Aerospace shares opened at $160.36, with a market capitalization of $50.83 billion and a price-to-earnings ratio of 85.75. Analysts expect full-year earnings of $7.75 per share.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $224.17; recent target changes ranged from $213 to $250.

Ancora Advisors LLC purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 105,618 shares of the company's stock, valued at approximately $23,350,000.

A number of other large investors have also modified their holdings of the company. Bell Investment Advisors Inc acquired a new position in shares of Honeywell Aerospace during the second quarter worth approximately $29,000. Strategic Wealth Advisors LLC bought a new position in Honeywell Aerospace in the 2nd quarter worth approximately $29,000. Meeder Asset Management Inc. acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at approximately $40,000. Finally, Gables Capital Management Inc. bought a new stake in Honeywell Aerospace during the 2nd quarter valued at $47,000.

Honeywell Aerospace Price Performance

Shares of NASDAQ HONA opened at $160.36 on Wednesday. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50. The firm has a market cap of $50.83 billion and a price-to-earnings ratio of 85.75.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last posted its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The firm had revenue of $4.35 billion during the quarter. Equities research analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Melius Research upgraded Honeywell Aerospace to a "strong-buy" rating in a research report on Monday, June 29th. UBS Group cut their price objective on shares of Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating on the stock in a research note on Thursday, August 6th. Wall Street Zen raised shares of Honeywell Aerospace to a "hold" rating in a report on Sunday, July 12th. JPMorgan Chase & Co. assumed coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They issued a "neutral" rating and a $255.00 target price for the company. Finally, Royal Bank Of Canada lowered their target price on shares of Honeywell Aerospace from $300.00 to $250.00 and set an "outperform" rating on the stock in a research note on Thursday, August 6th. One investment 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 stock. According to MarketBeat.com, Honeywell Aerospace currently has a consensus rating of "Hold" and a consensus price target of $224.17.

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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