Glenview Trust Co Buys 85,948 Shares of Honeywell Aerospace $HONA

Key Points

• Glenview Trust Co. acquired 85,948 Honeywell Aerospace shares in the third quarter, valued at approximately $13.3 million, while several other institutional investors also initiated positions.
• Honeywell Aerospace beat quarterly EPS estimates, reporting $2.21 versus $1.90 expected, with revenue of $4.64 billion and backlog growth of 12% to $19.3 billion. Management raised fiscal 2026 adjusted EPS guidance to $7.85–$8.00 and announced a $0.40 quarterly dividend.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating and a $196.80 average target price, while BMO downgraded the shares and cut its target to $181. Supplier constraints, limited EBIT growth and a high valuation continue to weigh on investor confidence.

Glenview Trust Co bought a new position in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 85,948 shares of the company's stock, valued at approximately $13,319,000.

A number of other large investors have also recently made changes to their positions in the company. Ameliora Wealth Management Ltd. purchased a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $25,000. Leo H. Evart Inc. bought a new stake in shares of Honeywell Aerospace during the second quarter valued at approximately $26,000. Outlook Capital Management LLC purchased a new stake in Honeywell Aerospace in the second quarter worth about $26,000. Security National Bank of SO Dak bought a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $27,000. Finally, Cherry Tree Wealth Management LLC bought a new stake in Honeywell Aerospace during the 2nd quarter valued at $28,000.

Analyst Ratings Changes

Several equities research analysts have weighed in on HONA shares. Wells Fargo & Company set a $195.00 target price on shares of Honeywell Aerospace in a research note on Monday, August 10th. Argus set a $210.00 price target on Honeywell Aerospace in a research report on Friday, October 9th. The Goldman Sachs Group started coverage on Honeywell Aerospace in a research note on Wednesday, October 7th. They set a "neutral" rating and a $190.00 target price on the stock. Susquehanna initiated coverage on Honeywell Aerospace in a research note on Thursday, September 17th. They set a "positive" rating and a $190.00 target price on the stock. Finally, BMO Capital Markets lowered Honeywell Aerospace from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $213.00 to $181.00 in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $196.80.

Honeywell Aerospace Stock Performance

NASDAQ:HONA opened at $154.15 on Friday. The stock has a market cap of $48.87 billion and a P/E ratio of 82.43. Honeywell Aerospace has a twelve month low of $149.19 and a twelve month high of $297.50. The stock's 50 day moving average is $159.99.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $2.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.90 by $0.31. The company had revenue of $4.64 billion for the quarter. As a group, research analysts anticipate that Honeywell Aerospace will post 7.90 earnings per share for the current fiscal year.

Honeywell Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, November 13th.

Honeywell Aerospace News Summary

Here are the key news stories impacting Honeywell Aerospace this week:

• Positive Sentiment: Honeywell Aerospace reported third-quarter revenue of approximately $4.6 billion, a 2% year-over-year increase, and adjusted EPS of $2.21, exceeding the $1.90 consensus estimate. Backlog grew 12% to $19.3 billion, supporting longer-term demand. Honeywell Aerospace Q3 Earnings Beat Estimates
• Positive Sentiment: Management raised fiscal 2026 adjusted EPS guidance to $7.85-$8.00, above the $7.77 analyst consensus, and expects stronger production growth in 2027. HONA Q3 Earnings Call Highlights
• Positive Sentiment: The company announced its first quarterly dividend of $0.40 per share and plans a roughly $500 million manufacturing expansion in Tempe, Arizona, providing shareholder returns and potential capacity growth. Honeywell Aerospace Dividend and Tempe Expansion
• Neutral Sentiment: Several law firms are publicizing a securities class-action lawsuit involving investors who purchased HONA between June 29 and September 1, with a November 23 lead-plaintiff deadline. These notices largely repeat existing information and do not establish wrongdoing, but they add headline risk. HONA Class Action Notice
• Negative Sentiment: BMO Capital Markets downgraded HONA from “outperform” to “market perform” and cut its price target to $181 from $213. JPMorgan also reduced its target to $210 from $235 and maintained a neutral rating, reinforcing investor caution. BMO Capital Markets Recommendation
• Negative Sentiment: Adjusted EBIT rose only 1%, while mechanical supplier constraints continue to limit deliveries. Tariff refunds, deal timing and higher standalone costs—including interest and separation expenses—also made the quarterly profit quality appear less robust. With HONA trading at a high earnings multiple, investors appear to be demanding faster growth than the company currently forecasts. Why Honeywell Aerospace Stock Fell

Honeywell Aerospace Company Profile

Honeywell Aerospace develops and supplies aerospace technologies for commercial aviation, business and general aviation, defense, and space customers. Its portfolio includes aircraft engines and auxiliary power units, avionics, flight controls, navigation and communication systems, environmental and thermal-management equipment, wheels and brakes, and other propulsion and mechanical systems.

The company also provides aftermarket support, including maintenance, repair and overhaul services, replacement parts, upgrades, technical assistance, and digital solutions designed to improve aircraft performance and operational efficiency.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.