EP Wealth Advisors LLC Takes Position in Honeywell Aerospace $HONA

Key Points

• EP Wealth Advisors purchased 170,113 Honeywell Aerospace shares in the second quarter, valued at approximately $37.6 million. Major institutions including BlackRock and Bank of New York Mellon also established new positions.
• Honeywell Aerospace shares were trading at $164.73, down 0.7%, with a $52.21 billion market capitalization and a price-to-earnings ratio of 88.09. The company reported $4.35 billion in quarterly revenue, while analysts expect $7.75 in full-year EPS.
• Analyst views remain mixed: Morgan Stanley upgraded the stock to “overweight,” while several firms reduced price targets. The consensus rating is “Hold”, with an average price target of $224.17.

EP Wealth Advisors LLC purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 170,113 shares of the company's stock, valued at approximately $37,609,000. EP Wealth Advisors LLC owned 0.05% of Honeywell Aerospace at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $5,253,341,000. Bank of New York Mellon Corp bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $205,658,000. Deutsche Bank AG acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $152,933,000. Finally, Madison Asset Management LLC acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $49,743,000.

Honeywell Aerospace Trading Down 0.7%

NASDAQ HONA opened at $164.73 on Friday. The stock has a market cap of $52.21 billion and a PE ratio of 88.09. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50.

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 (EPS) for the quarter. The business had revenue of $4.35 billion during the quarter. Research analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on HONA shares. Jefferies Financial Group set a $175.00 price objective on shares of Honeywell Aerospace in a research note on Sunday, August 9th. Morgan Stanley raised 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 research note on Wednesday. Royal Bank Of Canada cut their target price on shares of Honeywell Aerospace from $300.00 to $250.00 and set an "outperform" rating on the stock in a report on Thursday, August 6th. BMO Capital Markets reduced their price target on shares of Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating on the stock in a research report on Monday, August 10th. Finally, UBS Group decreased 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. One research 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 company currently has an average rating of "Hold" and a consensus target price of $224.17.

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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