Focus Partners Advisor Solutions LLC Acquires Shares of 7,020 Honeywell Aerospace $HONA

Key Points

• Focus Partners Advisor Solutions acquired 7,020 shares of Honeywell Aerospace in the second quarter, valued at approximately $1.57 million. Several other institutional investors also initiated positions.
• Analyst sentiment is mixed but leans cautious: Honeywell Aerospace has a consensus “Hold” rating and an average price target of $224.17, with recent targets ranging from $213 to $275.
• HONA opened at $166.36, well below its 52-week high of $297.50, while the company reported $4.35 billion in quarterly revenue and analysts expect full-year earnings per share of $7.75.

Focus Partners Advisor Solutions LLC acquired a new position in Honeywell Aerospace (NASDAQ:HONA - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,020 shares of the company's stock, valued at approximately $1,572,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ABN AMRO Bank N.V. acquired a new position in Honeywell Aerospace during the 2nd quarter worth about $401,000. Summit Asset Management LLC acquired a new position in shares of Honeywell Aerospace during the second quarter worth approximately $1,081,000. S&CO Inc. bought a new stake in shares of Honeywell Aerospace during the second quarter valued at approximately $623,000. Helios Capital Management PTE. Ltd. bought a new stake in shares of Honeywell Aerospace during the second quarter valued at approximately $553,000. Finally, Kelleher Financial Advisors acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $78,000.

Analysts Set New Price Targets

A number of brokerages have commented on HONA. TD Cowen initiated coverage on Honeywell Aerospace in a research report on Monday, June 29th. They issued a "hold" rating and a $250.00 price objective on the stock. Argus initiated coverage on Honeywell Aerospace in a report on Thursday, July 9th. They issued a "buy" rating and a $275.00 price target on the stock. Royal Bank Of Canada dropped their price objective on Honeywell Aerospace from $300.00 to $250.00 and set an "outperform" rating for the company in a report on Thursday, August 6th. UBS Group reduced their price objective on shares of Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating on the stock in a research note on Thursday, August 6th. Finally, Wall Street Zen raised shares of Honeywell Aerospace to a "hold" rating in a report on Sunday, July 12th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Honeywell Aerospace presently has a consensus rating of "Hold" and an average price target of $224.17.

Honeywell Aerospace Price Performance

Shares of HONA stock opened at $166.36 on Friday. The stock has a market capitalization of $52.73 billion and a PE ratio of 88.96. 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 released 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. As a group, sell-side analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

About Honeywell Aerospace

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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