Jupiter Topco LLC Purchases New Stake in Honeywell Aerospace $HONA

Key Points

• Jupiter Topco LLC purchased 93,344 Honeywell Aerospace shares during the second quarter, valued at approximately $20.9 million. Several other institutional investors also initiated smaller positions.
• Analyst sentiment is mixed, with a consensus “Hold” rating from MarketBeat and an average price target of $224.17; targets range from $175 to $275.
• Honeywell Aerospace shares opened at $162.37, near the lower end of their 12-month range of $150.03 to $297.50. The company reported quarterly revenue of $4.35 billion, while analysts expect full-year EPS of $7.75.

Jupiter Topco LLC bought a new position in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 93,344 shares of the company's stock, valued at approximately $20,898,000.

Several other institutional investors have also recently made changes to their positions in HONA. Bell Investment Advisors Inc purchased a new stake in Honeywell Aerospace in the second quarter valued at $29,000. Meeder Asset Management Inc. purchased a new stake in Honeywell Aerospace during the second quarter worth about $29,000. Strategic Wealth Advisors LLC purchased a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at $40,000. Finally, Gables Capital Management Inc. acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at about $47,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group set a $175.00 price objective on shares of Honeywell Aerospace in a research report on Sunday, August 9th. TD Cowen assumed coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a "hold" rating and a $250.00 target price for the company. Evercore set a $210.00 price target on Honeywell Aerospace in a research note on Thursday, August 6th. BNP Paribas Exane lowered their price objective on shares of Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating on the stock in a research report on Thursday, August 6th. Finally, Argus began coverage on Honeywell Aerospace in a report on Thursday, July 9th. They issued a "buy" rating and a $275.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $224.17.

Honeywell Aerospace Stock Performance

Shares of Honeywell Aerospace stock opened at $162.37 on Friday. The firm has a 50-day moving average of $195.14. The stock has a market capitalization of $51.46 billion and a PE ratio of 86.83. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last posted its earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The firm had revenue of $4.35 billion for the quarter. On average, research analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal 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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