First Nebraska Trust Co Buys Shares of 16,236 Honeywell Aerospace $HONA

Key Points

• First Nebraska Trust Co. acquired 16,236 shares of Honeywell Aerospace during the second quarter, valued at approximately $3.6 million. Several major institutional investors, including BlackRock and Bank of New York Mellon, also initiated sizable positions.
• Analyst sentiment is mixed but generally positive: Morgan Stanley upgraded the stock to overweight and Argus initiated a buy rating, while the consensus rating remains “Hold” with a $224.17 price target.
• HONA opened at $164.73, well below its 12-month high of $297.50, with a market capitalization of $52.21 billion and a P/E ratio of 88.09. The company reported $4.35 billion in quarterly revenue, while analysts expect full-year earnings per share of $7.75.

First Nebraska Trust Co acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 16,236 shares of the company's stock, valued at approximately $3,635,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $5,253,341,000. Bank of New York Mellon Corp acquired a new position in Honeywell Aerospace in the 2nd quarter valued at $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at about $205,658,000. Deutsche Bank AG acquired a new position in shares of Honeywell Aerospace during the 2nd quarter worth about $152,933,000. Finally, Bank of Nova Scotia acquired a new position in shares of Honeywell Aerospace during the 2nd quarter worth about $96,768,000.

Analyst Upgrades and Downgrades

HONA has been the topic of a number of research analyst reports. Argus assumed coverage on Honeywell Aerospace in a report on Thursday, July 9th. They issued a "buy" rating and a $275.00 target price on the stock. BMO Capital Markets cut their price target on Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating for the company in a report on Monday, August 10th. Morgan Stanley raised Honeywell Aerospace from an "equal weight" rating to an "overweight" rating and set a $205.00 price objective for the company in a research report on Wednesday. Melius Research upgraded shares of Honeywell Aerospace to a "strong-buy" rating in a research note on Monday, June 29th. Finally, Vertical Research began coverage on shares of Honeywell Aerospace in a research report on Wednesday, July 1st. They set a "hold" rating and a $243.00 target price on the stock. One equities research 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.com, Honeywell Aerospace has an average rating of "Hold" and a consensus price target of $224.17.

Honeywell Aerospace Price Performance

NASDAQ 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 stock has a market capitalization of $52.21 billion and a P/E ratio of 88.09.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last released its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The firm had revenue of $4.35 billion for the quarter. As a group, sell-side analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current year.

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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