Haverford Trust Co Buys Shares of 446,840 Honeywell Aerospace $HONA

Key Points

• Haverford Trust Co. acquired 446,840 Honeywell Aerospace shares in the second quarter, valued at approximately $98.8 million and representing about 0.14% of the company.
• Several other institutional investors also initiated positions in HONA during the quarter, including Bank of Nova Scotia, which purchased shares worth approximately $28.1 million.
• Honeywell Aerospace shares opened at $164.73, compared with a 12-month range of $150.03 to $297.50. Analysts maintain a consensus “Hold” rating with an average price target of $224.17.

Haverford Trust Co purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 446,840 shares of the company's stock, valued at approximately $98,787,000. Haverford Trust Co owned about 0.14% of Honeywell Aerospace as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Clear Harbor Asset Management LLC purchased a new position in Honeywell Aerospace in the second quarter valued at approximately $1,936,000. First Nebraska Trust Co purchased a new stake in Honeywell Aerospace in the second quarter worth $3,589,000. Bank of Nova Scotia bought a new stake in Honeywell Aerospace in the 2nd quarter valued at about $28,120,000. Kirtland Hills Capital Management LLC bought a new position in Honeywell Aerospace during the second quarter worth about $636,000. Finally, Hudson Portfolio Management LLC purchased a new position in shares of Honeywell Aerospace in the second quarter worth about $439,000.

Honeywell Aerospace Stock Performance

NASDAQ:HONA opened at $164.73 on Monday. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50. The stock has a market capitalization of $52.21 billion and a price-to-earnings ratio of 88.09.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last issued its quarterly earnings data 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. As a group, research analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on HONA shares. Zacks Research raised shares of Honeywell Aerospace to a "hold" rating in a research report on Wednesday, July 1st. BNP Paribas Exane reduced their price objective on shares of Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating for the company in a research note on Thursday, August 6th. BMO Capital Markets lowered their target price on shares of Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating on the stock in a report on Monday, August 10th. Morgan Stanley upgraded Honeywell Aerospace from an "equal weight" rating to an "overweight" rating and set a $205.00 target price on the stock in a research report on Wednesday. Finally, Melius Research raised Honeywell Aerospace to a "strong-buy" rating in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $224.17.

Honeywell Aerospace 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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