Capital Advisors Inc. OK Takes Position in Honeywell Aerospace $HONA

Key Points

• Capital Advisors Inc. OK acquired 203,149 shares of Honeywell Aerospace in the second quarter, valued at approximately $44.9 million and representing 0.06% of the company. Several other institutional investors also initiated positions.
• Analyst sentiment is mixed but leans cautious: Honeywell Aerospace has a consensus “Hold” rating from MarketBeat, with an average price target of $224.17; several firms recently lowered their targets to about $209–$210.
• HONA shares opened at $162.37, with a $51.46 billion market capitalization and a 52-week range of $150.03 to $297.50. The company reported $4.35 billion in quarterly revenue, while analysts forecast full-year EPS of $7.75.

Capital Advisors Inc. OK acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 203,149 shares of the company's stock, valued at approximately $44,912,000. Capital Advisors Inc. OK owned 0.06% of Honeywell Aerospace at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HONA. Bell Investment Advisors Inc acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at approximately $29,000. Strategic Wealth Advisors LLC bought a new position in shares of Honeywell Aerospace in the second quarter worth $29,000. Meeder Asset Management Inc. acquired a new position in shares of Honeywell Aerospace during the second quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Honeywell Aerospace during the second quarter valued at $40,000. Finally, Gables Capital Management Inc. bought a new stake in shares of Honeywell Aerospace during the second quarter valued at about $47,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HONA shares. BMO Capital Markets reduced their price objective 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. JPMorgan Chase & Co. began coverage on Honeywell Aerospace in a research report on Friday, July 10th. They set a "neutral" rating and a $255.00 price target on the stock. Vertical Research began coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a "hold" rating and a $243.00 price objective on the stock. BNP Paribas Exane cut their price objective on Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating for the company in a report on Thursday, August 6th. Finally, Wolfe Research began coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a "hold" rating for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $224.17.

Honeywell Aerospace Stock Up 1.0%

Shares of NASDAQ:HONA opened at $162.37 on Friday. The company has a market capitalization of $51.46 billion and a PE ratio of 86.83. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50. The business's 50 day simple moving average is $195.14.

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 (EPS) for the quarter. The company had revenue of $4.35 billion during the quarter. As a group, research analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal 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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