Corient Private Wealth LP Buys Shares of 268,700 Honeywell Aerospace $HONA

Key Points

• Corient Private Wealth LP initiated a position in Honeywell Aerospace by purchasing 268,700 shares worth approximately $68.8 million, representing about 0.08% of the company.
• Honeywell Aerospace shares opened at $158.26, with a market capitalization of $50.16 billion and a 52-week range of $149.19 to $297.50. The stock was reported as trading up 2.9%.
• Analysts maintain a consensus “Hold” rating, with an average price target of $224.17; quarterly revenue was $4.35 billion, and analysts expect full-year EPS of $7.75.

Corient Private Wealth LP purchased a new position in Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 268,700 shares of the company's stock, valued at approximately $68,790,000. Corient Private Wealth LP owned about 0.08% of Honeywell Aerospace at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Ameliora Wealth Management Ltd. acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter worth $25,000. Leo H. Evart Inc. acquired a new position in Honeywell Aerospace during the 2nd quarter valued at about $26,000. Outlook Capital Management LLC acquired a new position in Honeywell Aerospace during the 2nd quarter valued at about $26,000. Bell Investment Advisors Inc purchased a new stake in Honeywell Aerospace in the second quarter valued at about $29,000. Finally, Meeder Asset Management Inc. purchased a new stake in Honeywell Aerospace in the second quarter valued at about $29,000.

Honeywell Aerospace Trading Up 2.9%

Honeywell Aerospace stock opened at $158.26 on Friday. The company's 50-day moving average price is $184.60. The stock has a market cap of $50.16 billion and a P/E ratio of 84.63. Honeywell Aerospace has a fifty-two week low of $149.19 and a fifty-two week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last released 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. Analysts expect that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Analysts Set New Price Targets

HONA has been the topic of a number of research analyst reports. Zacks Research upgraded Honeywell Aerospace to a "hold" rating in a research note on Wednesday, July 1st. Evercore set a $210.00 price objective on shares of Honeywell Aerospace in a research report on Thursday, August 6th. BMO Capital Markets lowered their target price on shares of Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating for the company in a research note on Monday, August 10th. Wolfe Research assumed coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a "hold" rating on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They set a "neutral" rating and a $255.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $224.17.

Honeywell Aerospace Company Profile

Honeywell Aerospace is an aerospace technology company that develops and supplies systems, components and services for commercial aviation, business and general aviation, defense and space markets. Its portfolio includes aircraft engines, auxiliary power units, avionics, flight controls, navigation and communication systems, thermal management equipment, wheels and brakes, and other propulsion and safety technologies.

The company serves aircraft manufacturers, airlines, business aviation operators, military customers and aftermarket service providers around the world.

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