Maxi Investments CY Ltd Takes $2.66 Million Position in Honeywell Aerospace $HONA

Key Points

• Maxi Investments CY Ltd purchased 11,900 Honeywell Aerospace shares worth approximately $2.66 million in the second quarter, joining several other institutions that initiated positions.
• HONA opened at $161.20, near the lower end of its $150.03–$297.50 52-week range. The company reported $4.35 billion in quarterly revenue, while analysts expect $7.75 in full-year EPS.
• Analyst sentiment is mixed, with one Strong Buy, five Buy, and nine Hold ratings. The stock has a consensus rating of Hold and an average price target of $224.17 after several firms cut their targets.

Maxi Investments CY Ltd purchased a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,900 shares of the company's stock, valued at approximately $2,664,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Grandfield & Dodd LLC acquired a new stake in shares of Honeywell Aerospace in the second quarter worth $759,000. SCS Capital Management LLC acquired a new position in Honeywell Aerospace during the second quarter valued at $1,821,000. SFE Investment Counsel acquired a new position in Honeywell Aerospace during the second quarter valued at $2,981,000. MidFirst Bank purchased a new stake in Honeywell Aerospace in the 2nd quarter worth about $5,608,000. Finally, IMC Chicago LLC purchased a new stake in Honeywell Aerospace in the 2nd quarter worth about $10,508,000.

Honeywell Aerospace Price Performance

HONA opened at $161.20 on Tuesday. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The stock has a market cap of $51.09 billion and a PE ratio of 86.20.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HONA shares. BMO Capital Markets lowered their target price on Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating on the stock in a research note on Monday, August 10th. Royal Bank Of Canada reduced their price target on shares of Honeywell Aerospace from $300.00 to $250.00 and set an "outperform" rating for the company in a research report on Thursday, August 6th. Vertical Research assumed coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They set a "hold" rating and a $243.00 price target for the company. Wolfe Research started coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a "hold" rating on the stock. Finally, Wells Fargo & Company set a $195.00 price objective on shares of Honeywell Aerospace in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Honeywell Aerospace presently has an average 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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