EP Wealth Advisors LLC Buys Shares of 174,245 Honeywell Aerospace $HONA

Key Points

• EP Wealth Advisors purchased 174,245 Honeywell Aerospace shares worth approximately $39 million, representing about 0.05% of the company. Several other investment firms also initiated smaller positions during the second quarter.
• Honeywell Aerospace shares opened at $164.73, near the lower end of their 12-month range of $150.03 to $297.50. The company reported $4.35 billion in quarterly revenue, while analysts expect full-year EPS of $7.75.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $224.17. Recent targets range from $195 to $250, including Morgan Stanley’s upgrade to “Overweight” and BMO’s reduction to $209.

EP Wealth Advisors LLC purchased a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 174,245 shares of the company's stock, valued at approximately $39,013,000. EP Wealth Advisors LLC owned approximately 0.05% of Honeywell Aerospace as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the business. Bell Investment Advisors Inc bought a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $29,000. Strategic Wealth Advisors LLC bought a new position in Honeywell Aerospace in the second quarter worth approximately $29,000. Meeder Asset Management Inc. bought a new position in Honeywell Aerospace in the second quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Honeywell Aerospace during the second quarter worth $40,000. Finally, Gables Capital Management Inc. purchased a new stake in Honeywell Aerospace during the second quarter worth $47,000.

Honeywell Aerospace Price Performance

Shares of HONA opened at $164.73 on Friday. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50. The company has a market capitalization of $52.21 billion and a price-to-earnings ratio of 88.09.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last issued its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The business had revenue of $4.35 billion for the quarter. On average, equities analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HONA shares. BMO Capital Markets cut their price target on Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating on the stock in a report on Monday, August 10th. Wells Fargo & Company set a $195.00 price objective on Honeywell Aerospace in a research note on Monday, August 10th. Zacks Research raised Honeywell Aerospace to a "hold" rating in a research report on Wednesday, July 1st. TD Cowen started coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a "hold" rating and a $250.00 target price on the stock. Finally, Morgan Stanley upgraded shares of Honeywell Aerospace from an "equal weight" rating to an "overweight" rating and set a $205.00 target price for the company in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target 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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