First Nebraska Trust Co Takes Position in Honeywell Aerospace $HONA

Key Points

• First Nebraska Trust Co acquired 16,236 shares of Honeywell Aerospace in the second quarter, valued at approximately $3.59 million. Several other investment firms also initiated positions.
• Analyst sentiment remains cautious, with the stock carrying an average “Hold” rating and an average price target of $224.17. Recent targets range from $195 to $255.
• Honeywell Aerospace shares opened at $164.73, down 0.7%, with a $52.21 billion market capitalization and a 52-week trading range of $150.03 to $297.50.

First Nebraska Trust Co bought a new position in Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 16,236 shares of the company's stock, valued at approximately $3,589,000.

Several other hedge funds have also recently modified their holdings of the stock. Meeder Asset Management Inc. bought a new position in shares of Honeywell Aerospace during the second quarter worth $29,000. Bell Investment Advisors Inc bought a new stake in Honeywell Aerospace in the 2nd quarter valued at $29,000. Strategic Wealth Advisors LLC bought a new stake in Honeywell Aerospace in the 2nd quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Honeywell Aerospace in the 2nd quarter worth $40,000. Finally, Gables Capital Management Inc. purchased a new stake in Honeywell Aerospace in the 2nd quarter worth $47,000.

Analysts Set New Price Targets

Several research firms have commented on HONA. Wells Fargo & Company set a $195.00 price objective on shares of Honeywell Aerospace in a report on Monday, August 10th. BNP Paribas Exane reduced their target price on Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating on the stock in a report on Thursday, August 6th. Vertical Research started coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They issued a "hold" rating and a $243.00 target price on the stock. JPMorgan Chase & Co. began coverage on Honeywell Aerospace in a research note on Friday, July 10th. They set a "neutral" rating and a $255.00 price target for the company. Finally, Evercore set a $210.00 price target on Honeywell Aerospace in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $224.17.

Honeywell Aerospace Stock Down 0.7%

NASDAQ HONA opened at $164.73 on Friday. The firm has a market cap of $52.21 billion and a price-to-earnings ratio of 88.09. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last posted its quarterly earnings data 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. Analysts predict that Honeywell Aerospace will post 7.75 EPS for the current fiscal 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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