Baxter Bros Inc. Takes Position in Honeywell Aerospace $HONA

Key Points

• Baxter Bros Inc. acquired 22,413 shares of Honeywell Aerospace in the second quarter, valued at approximately $5.02 million. Several other institutional investors also initiated positions.
• Analysts have lowered several price targets, with targets ranging from $209 to $250 in recent reports. The stock has a consensus “Hold” rating and an average price target of $224.17.
• Honeywell Aerospace shares opened at $166.36, near the lower end of their 12-month range of $150.03 to $297.50. The company reported $4.35 billion in quarterly revenue, while analysts expect full-year earnings per share of $7.75.

Baxter Bros Inc. bought a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 22,413 shares of the company's stock, valued at approximately $5,018,000.

Several other large investors have also recently made changes to their positions in HONA. Trifecta Capital Advisors LLC acquired a new stake in Honeywell Aerospace during the second quarter valued at $67,000. Kelleher Financial Advisors acquired a new position in shares of Honeywell Aerospace in the second quarter worth about $78,000. J.Safra Asset Management Corp acquired a new position in shares of Honeywell Aerospace in the second quarter worth about $124,000. One Wealth Advisors LLC acquired a new position in shares of Honeywell Aerospace in the second quarter worth about $210,000. Finally, Bridgewater Advisors Inc. purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter worth about $236,000.

Analysts Set New Price Targets

HONA has been the subject of several recent analyst reports. UBS Group cut their price target on Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating for the company in a research note on Thursday, August 6th. Vertical Research assumed coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They issued a "hold" rating and a $243.00 price objective for the company. Royal Bank Of Canada reduced their target price on Honeywell Aerospace from $300.00 to $250.00 and set an "outperform" rating for the company in a research note on Thursday, August 6th. Evercore set a $210.00 target price on Honeywell Aerospace in a research note on Thursday, August 6th. Finally, BMO Capital Markets decreased their target price on Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating on the stock in a research report on Monday, August 10th. One investment 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 MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $224.17.

Honeywell Aerospace Price Performance

NASDAQ:HONA opened at $166.36 on Monday. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50. The company has a market cap of $52.73 billion and a price-to-earnings ratio of 88.96.

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