Equitable Holdings Inc. Buys Shares of 32,126 Honeywell Aerospace $HONA

Key Points

• Equitable Holdings acquired 32,126 Honeywell Aerospace shares during the second quarter, valued at approximately $7.1 million. Several other investment firms also initiated smaller positions.
• Honeywell Aerospace shares opened at $160.75, down 2%, with a market capitalization of about $51 billion and a price-to-earnings ratio near 86.
• Analysts maintain a consensus “Hold” rating, with a target price of $224.17; recommendations range from “Strong Buy” to “Hold,” including a recent Morgan Stanley upgrade to “Overweight.”

Equitable Holdings Inc. purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 32,126 shares of the company's stock, valued at approximately $7,102,000.

A number of other large investors have also recently added to or reduced their stakes in HONA. Bell Investment Advisors Inc acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $29,000. Meeder Asset Management Inc. purchased a new stake in Honeywell Aerospace in the 2nd quarter valued at about $29,000. Strategic Wealth Advisors LLC purchased a new stake in Honeywell Aerospace in the 2nd quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Honeywell Aerospace in the second quarter valued at about $40,000. Finally, Gables Capital Management Inc. acquired a new position in Honeywell Aerospace in the second quarter valued at about $47,000.

Honeywell Aerospace Stock Down 2.0%

HONA stock opened at $160.75 on Friday. The firm has a 50-day moving average of $195.92. The firm has a market cap of $50.95 billion and a price-to-earnings ratio of 85.96. 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 company had revenue of $4.35 billion for the quarter. On average, equities analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HONA. Morgan Stanley upgraded shares of Honeywell Aerospace from an "equal weight" rating to an "overweight" rating and set a $205.00 price objective on the stock in a report on Wednesday, August 19th. JPMorgan Chase & Co. initiated coverage on Honeywell Aerospace in a research report on Friday, July 10th. They issued a "neutral" rating and a $255.00 target price on the stock. Evercore set a $210.00 price target on Honeywell Aerospace in a research note on Thursday, August 6th. Wall Street Zen upgraded Honeywell Aerospace to a "hold" rating in a research report on Sunday, July 12th. Finally, Argus assumed coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They issued a "buy" rating and a $275.00 price objective for the company. One equities 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 stock. According to data from MarketBeat, Honeywell Aerospace currently has an average rating of "Hold" and a consensus target price 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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