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

Key Points

• B & T Capital Management bought 12,178 Honeywell Aerospace shares during the second quarter, valued at approximately $2.7 million. Several other institutional investors also initiated positions, including Oppenheimer Asset Management with an approximately $8.8 million stake.
• HONA opened at $161.56, with a market capitalization of $51.21 billion and a price-to-earnings ratio of 86.40. The company reported $4.35 billion in quarterly revenue, while analysts expect full-year EPS of $7.75.
• Analyst sentiment remains broadly cautious: the stock has an average “Hold” rating and an average price target of $224.17, based on one Strong Buy, four Buys, and ten Holds.

B & T Capital Management DBA Alpha Capital Management purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,178 shares of the company's stock, valued at approximately $2,727,000.

A number of other institutional investors have also recently bought and sold shares of HONA. Hardy Reed LLC acquired a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $1,151,000. Plan Group Financial LLC acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $270,000. Mill Capital Management LLC acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $419,000. Bryn Mawr Trust Advisors LLC bought a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $1,301,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Honeywell Aerospace during the second quarter worth approximately $8,809,000.

Honeywell Aerospace Price Performance

HONA stock opened at $161.56 on Tuesday. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50. The stock has a market capitalization of $51.21 billion and a PE ratio of 86.40.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last issued its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The company had revenue of $4.35 billion during the quarter. As a group, analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current year.

Analyst Upgrades and Downgrades

HONA has been the subject of several analyst reports. Wall Street Zen raised Honeywell Aerospace to a "hold" rating in a report on Sunday, July 12th. Morgan Stanley set a $205.00 price objective on shares of Honeywell Aerospace in a research note on Friday, August 7th. Jefferies Financial Group set a $175.00 target price on shares of Honeywell Aerospace in a report on Sunday, August 9th. Zacks Research upgraded shares of Honeywell Aerospace to a "hold" rating in a research report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. initiated coverage on shares of Honeywell Aerospace in a report on Friday, July 10th. They set a "neutral" rating and a $255.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price 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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