Bank Pictet & Cie Europe AG Purchases 8,101 Shares of Honeywell Aerospace $HONA

Key Points

• Bank Pictet & Cie Europe AG increased its Honeywell Aerospace stake by 30.7% in the third quarter, purchasing 8,101 additional shares and bringing its holdings to 34,468 shares valued at approximately $5.34 million.
• HONA shares traded down to $159.34, near their 52-week low, while analysts maintained a consensus “Hold” rating with an average price target of $201.93 after several firms lowered their targets.
• Honeywell Aerospace faces mixed conditions: long-term business-aviation demand is expected to grow, but supply constraints, reduced guidance and a proposed securities class action could weigh on near-term performance and investor sentiment.

Bank Pictet & Cie Europe AG grew its position in Honeywell Aerospace (NASDAQ:HONA - Free Report) by 30.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,468 shares of the company's stock after buying an additional 8,101 shares during the period. Bank Pictet & Cie Europe AG's holdings in Honeywell Aerospace were worth $5,342,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Peoples Financial Services CORP. acquired a new stake in shares of Honeywell Aerospace during the 3rd quarter worth approximately $247,000. Norway Savings Bank purchased a new stake in shares of Honeywell Aerospace during the 3rd quarter valued at approximately $914,000. Vision Capital Management Inc. lifted its holdings in Honeywell Aerospace by 16.1% in the third quarter. Vision Capital Management Inc. now owns 21,489 shares of the company's stock valued at $3,330,000 after acquiring an additional 2,974 shares during the last quarter. Smithbridge Asset Management Inc. DE lifted its holdings in Honeywell Aerospace by 2.2% in the third quarter. Smithbridge Asset Management Inc. DE now owns 16,571 shares of the company's stock valued at $2,568,000 after acquiring an additional 358 shares during the last quarter. Finally, Columbia Asset Management lifted its holdings in Honeywell Aerospace by 30.8% in the third quarter. Columbia Asset Management now owns 8,210 shares of the company's stock valued at $1,272,000 after acquiring an additional 1,934 shares during the last quarter.

Honeywell Aerospace Stock Performance

Shares of NASDAQ HONA traded down $3.15 during trading on Tuesday, reaching $159.34. The stock had a trading volume of 1,005,881 shares, compared to its average volume of 3,525,772. The stock has a market capitalization of $50.50 billion and a P/E ratio of 85.30. Honeywell Aerospace has a fifty-two week low of $149.19 and a fifty-two week high of $297.50. The stock has a 50-day moving average price of $160.26.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last posted its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The firm had revenue of $4.35 billion for the quarter. Research analysts expect that Honeywell Aerospace will post 7.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on HONA. TD Cowen cut their target price on Honeywell Aerospace from $180.00 to $170.00 and set a "hold" rating for the company in a research note on Friday, October 9th. The Goldman Sachs Group began coverage on Honeywell Aerospace in a research report on Wednesday, October 7th. They issued a "neutral" rating and a $190.00 target price on the stock. Royal Bank Of Canada decreased their price target on Honeywell Aerospace from $250.00 to $210.00 and set an "outperform" rating on the stock in a research note on Thursday. Jefferies Financial Group set a $175.00 price target on Honeywell Aerospace and gave the stock a "hold" rating in a report on Sunday, August 9th. Finally, BNP Paribas Exane cut their price objective on Honeywell Aerospace from $210.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, October 6th. Five research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $201.93.

Honeywell Aerospace News Roundup

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

• Positive Sentiment: Honeywell Aerospace’s 35th annual Global Business Aviation Outlook projects 9,950 new business jet deliveries worldwide over the next decade, a 4.4% increase from last year’s forecast. The global business-aviation fleet is expected to expand approximately 29%, while aircraft utilization continues to rise. These trends could support long-term demand for Honeywell’s engines, avionics, components and aftermarket services. Honeywell Aerospace forecast shows business aviation growth, expanding fleets and strong utilization continuing through 2035
• Neutral Sentiment: Analyst commentary ahead of Honeywell Aerospace’s third-quarter results highlights supply constraints as a continuing issue. While strong demand remains supportive, production limitations could restrict deliveries, revenue growth and margins in the near term. Honeywell Aerospace: Supply Constraints Are Keeping Me At Bay
• Negative Sentiment: Multiple law firms are promoting a securities class action concerning investors who purchased HONA shares during a period in 2026. The notices cite Honeywell Aerospace’s reported 70% year-over-year decline in second-quarter net income and its reduction of full-year guidance, announced August 5. The lead-plaintiff deadline is November 23, 2026. Although the announcements largely repeat existing information, the litigation adds reputational, legal and potential financial risk and may weigh on investor sentiment. HONA investor deadline and class action lawsuit

About Honeywell Aerospace

Honeywell Aerospace develops and supplies aerospace technologies for commercial aviation, business and general aviation, defense, and space customers. Its portfolio includes aircraft engines and auxiliary power units, avionics, flight controls, navigation and communication systems, environmental and thermal-management equipment, wheels and brakes, and other propulsion and mechanical systems.

The company also provides aftermarket support, including maintenance, repair and overhaul services, replacement parts, upgrades, technical assistance, and digital solutions designed to improve aircraft performance and operational efficiency.

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