Equitable Holdings Inc. purchased a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,278 shares of the company's stock, valued at approximately $7,227,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bell Investment Advisors Inc purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter worth approximately $29,000. Meeder Asset Management Inc. acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $29,000. Strategic Wealth Advisors LLC purchased a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $40,000. Finally, Gables Capital Management Inc. acquired a new stake in Honeywell Aerospace during the 2nd quarter worth $47,000.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on HONA. Wells Fargo & Company set a $195.00 price target on shares of Honeywell Aerospace in a research report on Monday, August 10th. Evercore set a $210.00 price objective on Honeywell Aerospace in a report on Thursday, August 6th. Zacks Research upgraded Honeywell Aerospace to a "hold" rating in a research report on Wednesday, July 1st. UBS Group reduced their target price on Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating for the company in a report on Thursday, August 6th. Finally, Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a research report on Sunday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $224.17.
Read Our Latest Stock Analysis on HONA
Honeywell Aerospace Stock Down 2.0%
HONA opened at $160.75 on Friday. The firm has a market cap of $50.95 billion and a PE ratio of 85.96. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50. The company has a 50 day simple moving average of $195.92.
Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last announced its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The company had revenue of $4.35 billion during the quarter. As a group, sell-side analysts expect that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.
Honeywell Aerospace Company Profile
(
Free Report)
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.
Further Reading
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