Cibc World Market Inc. Acquires Shares of 53,891 Honeywell Aerospace $HONA

Key Points

• Cibc World Market Inc. acquired 53,891 shares of Honeywell Aerospace in the second quarter, valued at approximately $12.1 million, while several other institutional investors also established new positions.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and an average price target of $224.17; individual targets range from $195 to $255.
• Honeywell Aerospace shares were trading at $161.20, down 2.1%, with a market capitalization of $51.09 billion. The company reported $4.35 billion in quarterly revenue, and analysts expect full-year EPS of $7.75.

Cibc World Market Inc. bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 53,891 shares of the company's stock, valued at approximately $12,066,000.

Other institutional investors also recently modified their holdings of the company. Grandfield & Dodd LLC acquired a new stake in Honeywell Aerospace in the 2nd quarter worth about $759,000. SCS Capital Management LLC bought a new stake in Honeywell Aerospace in the 2nd quarter valued at about $1,821,000. SFE Investment Counsel acquired a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $2,981,000. MidFirst Bank acquired a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $5,608,000. Finally, IMC Chicago LLC bought a new position in shares of Honeywell Aerospace during the second quarter worth approximately $10,508,000.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HONA. Zacks Research upgraded shares of Honeywell Aerospace to a "hold" rating in a research report on Wednesday, July 1st. Vertical Research started coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They set a "hold" rating and a $243.00 price objective on the stock. Wells Fargo & Company set a $195.00 price objective on Honeywell Aerospace in a report on Monday, August 10th. Evercore set a $210.00 price objective on Honeywell Aerospace in a report on Thursday, August 6th. Finally, JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a report on Friday, July 10th. They set a "neutral" rating and a $255.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Honeywell Aerospace currently has a consensus rating of "Hold" and an average target price of $224.17.

Honeywell Aerospace Trading Down 2.1%

NASDAQ HONA opened at $161.20 on Tuesday. The company has a market cap of $51.09 billion and a P/E ratio of 86.20. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last announced its quarterly earnings data 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 analysts expect that Honeywell Aerospace will post 7.75 EPS for the current year.

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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