Brown Lisle Cummings Inc. Invests $1.82 Million in Honeywell Aerospace $HONA

Key Points

• Brown Lisle Cummings Inc. acquired 8,229 Honeywell Aerospace shares in the second quarter, valued at approximately $1.82 million.
• Several other institutional investors also initiated positions, including Ironvine Capital Partners with an estimated $10.45 million stake and MidFirst Bank with $5.61 million.
• Honeywell Aerospace shares opened at $161.01, below the $224.17 analyst consensus target. Analysts’ average rating is “Hold,” despite one Strong Buy and five Buy ratings.

Brown Lisle Cummings Inc. acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 8,229 shares of the company's stock, valued at approximately $1,819,000.

Other large investors have also recently added to or reduced their stakes in the company. Ironvine Capital Partners LLC bought a new stake in Honeywell Aerospace during the second quarter worth approximately $10,452,000. SFE Investment Counsel acquired a new position in shares of Honeywell Aerospace during the 2nd quarter valued at $2,981,000. Werlinich Asset Management LLC acquired a new position in shares of Honeywell Aerospace during the 2nd quarter valued at $1,478,000. Nwam LLC acquired a new position in shares of Honeywell Aerospace during the 2nd quarter valued at $3,813,000. Finally, MidFirst Bank bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth $5,608,000.

Honeywell Aerospace Price Performance

Shares of NASDAQ HONA opened at $161.01 on Tuesday. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50. The company has a 50-day moving average price of $190.46. The stock has a market capitalization of $51.03 billion and a P/E ratio of 86.10.

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 firm had revenue of $4.35 billion for the quarter. On average, equities research analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Argus started coverage on Honeywell Aerospace in a report on Thursday, July 9th. They issued a "buy" rating and a $275.00 price objective for the company. Zacks Research upgraded shares of Honeywell Aerospace to a "hold" rating in a research report on Wednesday, July 1st. JPMorgan Chase & Co. assumed coverage on shares of Honeywell Aerospace in a report on Friday, July 10th. They issued a "neutral" rating and a $255.00 price target for the company. Wolfe Research initiated coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a "hold" rating for the company. Finally, Jefferies Financial Group set a $175.00 price objective on shares of Honeywell Aerospace in a research note on Sunday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Honeywell Aerospace has an average rating of "Hold" and a consensus target price 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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