Focus Partners Advisor Solutions LLC Takes Position in Honeywell Aerospace $HONA

Key Points

• Focus Partners Advisor Solutions acquired 6,993 shares of Honeywell Aerospace in the second quarter, valued at approximately $1.55 million. Several other institutional investors also initiated new positions.
• Analysts remain generally cautious, with one Strong Buy, four Buy, and ten Hold ratings; the consensus rating is Hold with a price target of $224.17.
• Honeywell Aerospace shares opened at $166.36, compared with a 52-week range of $150.03 to $297.50. The company reported quarterly revenue of $4.35 billion, while analysts expect full-year earnings of $7.75 per share.

Focus Partners Advisor Solutions LLC acquired a new position in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,993 shares of the company's stock, valued at approximately $1,546,000.

Other institutional investors have also recently made changes to their positions in the company. Trifecta Capital Advisors LLC bought a new stake in Honeywell Aerospace during the 2nd quarter valued at approximately $67,000. Kelleher Financial Advisors purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at approximately $78,000. One Wealth Advisors LLC purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at approximately $210,000. Bridgewater Advisors Inc. bought a new stake in shares of Honeywell Aerospace during the second quarter valued at approximately $236,000. Finally, Next Capital Management LLC bought a new stake in shares of Honeywell Aerospace during the second quarter valued at approximately $270,000.

Analyst Ratings Changes

A number of equities analysts recently weighed in on HONA shares. Melius Research upgraded shares of Honeywell Aerospace to a "strong-buy" rating in a research report on Monday, June 29th. Evercore set a $210.00 price target on shares of Honeywell Aerospace in a report on Thursday, August 6th. Vertical Research initiated coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They set a "hold" rating and a $243.00 price objective for the company. Zacks Research raised Honeywell Aerospace to a "hold" rating in a report on Wednesday, July 1st. Finally, Morgan Stanley set a $205.00 price target on Honeywell Aerospace in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $224.17.

Honeywell Aerospace Stock Performance

NASDAQ HONA opened at $166.36 on Friday. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The company has a market cap of $52.73 billion and a PE ratio of 88.96.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last released its earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The business had revenue of $4.35 billion for the quarter. On average, equities analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current 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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