Johnson Financial Group Inc. Buys Shares of 6,555 Honeywell Aerospace $HONA

Key Points

• Johnson Financial Group acquired 6,555 Honeywell Aerospace shares during the second quarter, valued at approximately $1.45 million. Several other institutional investors also initiated positions, including Oppenheimer Asset Management with an estimated $8.81 million stake.
• Analyst sentiment remains mixed: Morgan Stanley upgraded the stock to overweight and Melius Research issued a strong-buy rating, while the broader analyst consensus is Hold with an average price target of $224.17.
• Honeywell Aerospace shares opened at $170.76, compared with a 12-month 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.

Johnson Financial Group Inc. acquired a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,555 shares of the company's stock, valued at approximately $1,449,000.

A number of other large investors have also modified their holdings of HONA. Hardy Reed LLC purchased a new position in Honeywell Aerospace in the second quarter worth $1,151,000. Plan Group Financial LLC acquired a new position in Honeywell Aerospace in the 2nd quarter valued at $270,000. Mill Capital Management LLC acquired a new stake in shares of Honeywell Aerospace in the second quarter worth approximately $419,000. Bryn Mawr Trust Advisors LLC purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter worth about $1,301,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Honeywell Aerospace during the second quarter worth about $8,809,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HONA shares. Vertical Research started coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They set a "hold" rating and a $243.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They issued a "neutral" rating and a $255.00 target price for the company. Wells Fargo & Company set a $195.00 price objective on shares of Honeywell Aerospace in a research note on Monday, August 10th. Melius Research upgraded Honeywell Aerospace to a "strong-buy" rating in a research report on Monday, June 29th. Finally, Morgan Stanley raised Honeywell Aerospace from an "equal weight" rating to an "overweight" rating and set a $205.00 price target on the stock in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $224.17.

Honeywell Aerospace Stock Performance

NASDAQ HONA opened at $170.76 on Thursday. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50. The company has a market cap of $54.12 billion and a price-to-earnings ratio of 91.31.

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

Honeywell Aerospace Company 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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