B & T Capital Management DBA Alpha Capital Management Purchases New Position in Honeywell Aerospace $HONA

Key Points

• B & T Capital Management purchased 12,120 shares of Honeywell Aerospace in the second quarter, valued at approximately $2.68 million. Several other institutional investors also initiated positions.
• Honeywell Aerospace shares opened at $161.56, with a $51.21 billion market capitalization and a price-to-earnings ratio of 86.40. The company reported quarterly revenue of $4.35 billion, while analysts expect $7.75 in full-year EPS.
• Analyst sentiment is mostly cautious: the stock has a consensus “Hold” rating from MarketBeat, with a consensus price target of $224.17, despite one Strong Buy and four Buy ratings.

B & T Capital Management DBA Alpha Capital Management purchased a new position in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 12,120 shares of the company's stock, valued at approximately $2,679,000.

Several other large investors also recently added to or reduced their stakes in HONA. SCS Capital Management LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $1,821,000. SFE Investment Counsel bought a new position in shares of Honeywell Aerospace during the 2nd quarter valued at approximately $2,981,000. Oppenheimer Asset Management Inc. bought a new position in shares of Honeywell Aerospace during the 2nd quarter valued at approximately $8,809,000. IMC Chicago LLC purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at $10,508,000. Finally, Baxter Bros Inc. purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at $4,946,000.

Honeywell Aerospace Stock Performance

Shares of HONA stock opened at $161.56 on Tuesday. The stock has a market capitalization of $51.21 billion and a price-to-earnings ratio of 86.40. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last posted its quarterly 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 for the quarter. On average, equities analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Analyst Ratings Changes

HONA has been the subject of several recent analyst reports. Vertical Research assumed coverage on shares of Honeywell Aerospace in a research note on Wednesday, July 1st. They set a "hold" rating and a $243.00 price objective for the company. Wolfe Research started coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a "hold" rating on the stock. Jefferies Financial Group set a $175.00 target price on shares of Honeywell Aerospace in a research note on Sunday, August 9th. BMO Capital Markets lowered their target price on shares of Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating for the company in a report on Monday, August 10th. Finally, UBS Group dropped their price target on shares of Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating for the company in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, Honeywell Aerospace has an average rating of "Hold" and a consensus price target of $224.17.

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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