Clifford Swan Investment Counsel LLC Takes Position in Honeywell Aerospace $HONA

Key Points

• Clifford Swan Investment Counsel initiated a Honeywell Aerospace position of 25,758 shares valued at approximately $5.7 million in the second quarter. Several other institutional investors also opened new stakes, including UBS Asset Management with an investment of about $377.9 million.
• Analyst sentiment remains cautious: Honeywell Aerospace has an average “Hold” rating from MarketBeat, with an average price target of $224.17. Recent target reductions included UBS Group to $213 and BNP Paribas Exane to $210, while Argus issued a “Buy” rating with a $275 target.
• HONA opened at $158.11, near its 52-week low of $150.03 and well below its $297.50 high, with a market capitalization of roughly $50.1 billion. The company reported $4.35 billion in quarterly revenue, and analysts expect full-year earnings per share of $7.75.

Clifford Swan Investment Counsel LLC bought a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 25,758 shares of the company's stock, valued at approximately $5,695,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HONA. Grandfield & Dodd LLC purchased a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $759,000. SCS Capital Management LLC acquired a new stake in Honeywell Aerospace in the second quarter valued at approximately $1,821,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Honeywell Aerospace in the second quarter valued at approximately $377,905,000. SFE Investment Counsel acquired a new stake in Honeywell Aerospace in the second quarter valued at approximately $2,981,000. Finally, MidFirst Bank purchased a new position in Honeywell Aerospace in the second quarter worth approximately $5,608,000.

Analysts Set New Price Targets

HONA has been the subject of several analyst reports. UBS Group lowered their price target on shares of Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating for the company in a report on Thursday, August 6th. BNP Paribas Exane reduced their price objective on shares of Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating on the stock in a report on Thursday, August 6th. Wolfe Research started coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a "hold" rating for the company. Wells Fargo & Company set a $195.00 target price on shares of Honeywell Aerospace in a research note on Monday, August 10th. Finally, Argus initiated coverage on Honeywell Aerospace in a report on Thursday, July 9th. They issued a "buy" rating and a $275.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $224.17.

Honeywell Aerospace Price Performance

Shares of Honeywell Aerospace stock opened at $158.11 on Tuesday. The stock has a market capitalization of $50.11 billion and a price-to-earnings ratio of 84.55. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50. The company has a 50 day moving average of $194.29.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last issued its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The company had revenue of $4.35 billion for the quarter. As a group, sell-side analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current year.

About Honeywell Aerospace

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source