German American Bancorp Inc. Invests $3.54 Million in Honeywell Aerospace $HONA

Key Points

• German American Bancorp purchased 16,026 Honeywell Aerospace shares during the second quarter, valued at approximately $3.54 million. Several other investment firms also initiated positions.
• Analyst sentiment is largely neutral: one analyst rates the stock Strong Buy, four rate it Buy, and ten rate it Hold. The consensus rating is Hold, with a target price 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 and analysts expect full-year EPS of $7.75.

German American Bancorp Inc. purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 16,026 shares of the company's stock, valued at approximately $3,543,000.

Other large investors also recently modified their holdings of the company. Trifecta Capital Advisors LLC bought a new stake in Honeywell Aerospace in the 2nd quarter valued at $67,000. Kelleher Financial Advisors bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $78,000. J.Safra Asset Management Corp bought a new position in shares of Honeywell Aerospace during the second quarter valued at $124,000. One Wealth Advisors LLC bought a new position in Honeywell Aerospace during the 2nd quarter valued at about $210,000. Finally, Bridgewater Advisors Inc. acquired a new position in shares of Honeywell Aerospace in the 2nd quarter worth approximately $236,000.

Wall Street Analyst Weigh In

HONA has been the subject of several research reports. Wall Street Zen upgraded shares of Honeywell Aerospace to a "hold" rating in a research report on Sunday, July 12th. Morgan Stanley set a $205.00 price target on shares of Honeywell Aerospace in a research note on Friday, August 7th. Vertical Research initiated coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They issued a "hold" rating and a $243.00 price target for the company. Zacks Research upgraded shares of Honeywell Aerospace to a "hold" rating in a research report on Wednesday, July 1st. Finally, BNP Paribas Exane reduced their price objective on Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating on the stock in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $224.17.

Honeywell Aerospace Stock Performance

Honeywell Aerospace stock opened at $166.36 on Monday. The stock has a market cap of $52.73 billion and a price-to-earnings ratio of 88.96. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last issued its quarterly 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, analysts forecast 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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