Kimelman & Baird LLC Makes New $14.55 Million Investment in Honeywell Aerospace $HONA

Key Points

• Kimelman & Baird LLC purchased 64,973 Honeywell Aerospace shares in the second quarter, valued at approximately $14.55 million. Several other investment firms also initiated smaller positions.
• Honeywell Aerospace shares opened at $162.37, near the lower end of their 12-month range of $150.03 to $297.50. The company has a market capitalization of $51.46 billion and a P/E ratio of 86.83.
• Analyst sentiment remains mixed, with one Strong Buy, five Buy, and nine Hold ratings; the consensus rating is Hold with an average price target of $224.17. Morgan Stanley recently upgraded the stock to Overweight with a $205 target.

Kimelman & Baird LLC bought a new position in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 64,973 shares of the company's stock, valued at approximately $14,547,000.

A number of other large investors have also recently modified their holdings of the stock. Bell Investment Advisors Inc bought a new position in Honeywell Aerospace in the second quarter worth about $29,000. Meeder Asset Management Inc. bought a new stake in Honeywell Aerospace during the 2nd quarter valued at approximately $29,000. Strategic Wealth Advisors LLC bought a new stake in Honeywell Aerospace during the 2nd quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $40,000. Finally, Gables Capital Management Inc. purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $47,000.

Honeywell Aerospace Price Performance

Honeywell Aerospace stock opened at $162.37 on Friday. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50. The stock has a market cap of $51.46 billion and a P/E ratio of 86.83. The stock has a 50 day moving average of $195.14.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Morgan Stanley upgraded Honeywell Aerospace from an "equal weight" rating to an "overweight" rating and set a $205.00 price target on the stock in a research report on Wednesday, August 19th. Jefferies Financial Group set a $175.00 price objective on 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 set a "hold" rating and a $250.00 target price on the stock. Wolfe Research assumed coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They issued a "hold" rating on the stock. Finally, Evercore set a $210.00 price target on shares of Honeywell Aerospace in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Honeywell Aerospace currently has an average rating of "Hold" and an average price target 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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