Honeywell Aerospace $HONA Stock Sold by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management reduced its Honeywell Aerospace stake by 23.5% in the third quarter, selling 6,627 shares and retaining 21,601 shares valued at approximately $3.35 million.
• Honeywell Aerospace reported third-quarter revenue of about $4.64 billion and adjusted EPS of $2.21, beating the $1.90 analyst consensus. The company raised its full-year adjusted EPS outlook and declared its first quarterly dividend of $0.40 per share.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and average price target of $201.93. Shares opened at $177.03, up 5.4%, with a market capitalization of approximately $56.1 billion.

Apollon Wealth Management LLC lessened its holdings in Honeywell Aerospace (NASDAQ:HONA - Free Report) by 23.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,601 shares of the company's stock after selling 6,627 shares during the quarter. Apollon Wealth Management LLC's holdings in Honeywell Aerospace were worth $3,347,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameliora Wealth Management Ltd. bought a new stake in Honeywell Aerospace during the 2nd quarter valued at $25,000. Leo H. Evart Inc. bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth $26,000. Outlook Capital Management LLC purchased a new position in shares of Honeywell Aerospace during the second quarter valued at $26,000. Security National Bank of SO Dak purchased a new position in shares of Honeywell Aerospace during the second quarter valued at $27,000. Finally, Cherry Tree Wealth Management LLC bought a new stake in shares of Honeywell Aerospace in the second quarter valued at about $28,000.

Honeywell Aerospace News Summary

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

• Positive Sentiment: Honeywell Aerospace reported third-quarter sales of approximately $4.6 billion, up 2% year over year, while net income rose to $726 million from $644 million. Adjusted EBIT reached $1.2 billion despite additional standalone-company costs. Honeywell Aerospace Logs Higher Third-Quarter Profit, Revenue on Continued Demand
• Positive Sentiment: Adjusted earnings per share came in at $2.21, exceeding the $1.90 analyst consensus by $0.31. Management raised its full-year 2026 pro forma standalone adjusted EPS outlook and increased its second-half free-cash-flow forecast, while maintaining its organic sales outlook and narrowing its adjusted EBIT range. Honeywell Aerospace Reports Third-Quarter Results
• Positive Sentiment: The board declared Honeywell Aerospace’s first quarterly dividend of $0.40 per share, payable December 4 to shareholders of record November 13. The inaugural payout signals a commitment to returning capital following the spinoff. Honeywell Aerospace Declares First Quarterly Cash Dividend
• Positive Sentiment: The company announced a $500 million, 300,000-square-foot manufacturing facility in Tempe, Arizona, expected to create about 600 jobs and expand capacity for commercial aviation and defense demand. Honeywell Aerospace to Build Arizona Manufacturing Facility

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. started coverage on shares of Honeywell Aerospace in a report on Friday, July 10th. They issued a "neutral" rating and a $255.00 price target for the company. BMO Capital Markets increased their price objective on shares of Honeywell Aerospace from $209.00 to $213.00 and gave the company an "outperform" rating in a research note on Friday, October 2nd. Susquehanna assumed coverage on shares of Honeywell Aerospace in a research note on Thursday, September 17th. They set a "positive" rating and a $190.00 price objective on the stock. Zacks Research lowered shares of Honeywell Aerospace from a "hold" rating to a "strong sell" rating in a report on Monday, September 14th. Finally, Weiss Ratings started coverage on shares of Honeywell Aerospace in a research note on Friday, September 11th. They issued a "sell (d)" rating for the company. Five analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Honeywell Aerospace has a consensus rating of "Hold" and an average target price of $201.93.

Honeywell Aerospace Trading Up 5.4%

HONA opened at $177.03 on Thursday. Honeywell Aerospace has a 52-week low of $149.19 and a 52-week high of $297.50. The firm has a market capitalization of $56.11 billion and a P/E ratio of 94.67. The firm's 50-day moving average is $160.44.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last released its earnings results on Wednesday, October 28th. The company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.31. The firm had revenue of $4.64 billion during the quarter. On average, research analysts expect that Honeywell Aerospace will post 7.77 EPS for the current fiscal year.

About Honeywell Aerospace

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.