Meeder Advisory Services Inc. Makes New Investment in Honeywell Aerospace $HONA

Key Points

• Meeder Advisory Services acquired 7,860 Honeywell Aerospace shares in the second quarter, valued at approximately $1.74 million. Several other institutional investors also initiated positions in the company.
• Honeywell Aerospace shares opened at $160.76, with a market capitalization of about $50.95 billion and a 52-week range of $150.03 to $297.50. The company reported $4.35 billion in quarterly revenue, while analysts expect full-year EPS of $7.75.
• Analyst sentiment remains mixed but centers on a “Hold” consensus, with an average price target of $224.17. Recent targets range from $205 to $250, including a downgrade by BNP Paribas Exane and an upgrade to “strong buy” from Melius Research.

Meeder Advisory Services Inc. acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,860 shares of the company's stock, valued at approximately $1,738,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in HONA. Bell Investment Advisors Inc bought a new stake in shares of Honeywell Aerospace during the second quarter worth about $29,000. Meeder Asset Management Inc. bought a new position in Honeywell Aerospace in the 2nd quarter valued at about $29,000. Trifecta Capital Advisors LLC acquired a new position in Honeywell Aerospace during the 2nd quarter valued at about $67,000. Kelleher Financial Advisors acquired a new position in Honeywell Aerospace during the 2nd quarter valued at about $78,000. Finally, J.Safra Asset Management Corp bought a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $124,000.

Honeywell Aerospace Stock Down 0.5%

Shares of HONA stock opened at $160.76 on Wednesday. The stock has a market capitalization of $50.95 billion and a price-to-earnings ratio of 85.97. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week 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, equities analysts expect that Honeywell Aerospace will post 7.75 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Morgan Stanley set a $205.00 price objective on Honeywell Aerospace in a research note on Friday, August 7th. TD Cowen assumed coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a "hold" rating and a $250.00 target price on the stock. Melius Research upgraded Honeywell Aerospace to a "strong-buy" rating in a report on Monday, June 29th. BNP Paribas Exane lowered their price target on Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating for the company in a research report on Thursday, August 6th. Finally, Wall Street Zen upgraded Honeywell Aerospace to a "hold" rating in a research note on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source