Oppenheimer Asset Management Inc. Acquires Shares of 39,847 Honeywell Aerospace $HONA

Key Points

• Oppenheimer Asset Management acquired 39,847 Honeywell Aerospace shares during the second quarter, valued at approximately $8.8 million. Several other institutional investors also initiated positions in the company.
• Honeywell Aerospace shares opened at $166.36, with a market capitalization of $52.73 billion and a 12-month trading range of $150.03 to $297.50. The company reported $4.35 billion in quarterly revenue, while analysts expect $7.75 in full-year EPS.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $224.17 after several firms reduced their targets.

Oppenheimer Asset Management Inc. bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 39,847 shares of the company's stock, valued at approximately $8,809,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HONA. Hardy Reed LLC purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $1,151,000. Bryn Mawr Trust Advisors LLC purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $1,301,000. Mill Capital Management LLC purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $419,000. Finally, Plan Group Financial LLC purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $270,000.

Honeywell Aerospace Stock Performance

Shares of NASDAQ:HONA opened at $166.36 on Friday. The company has a market cap of $52.73 billion and a PE ratio of 88.96. 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 released its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The firm had revenue of $4.35 billion during the quarter. Analysts expect that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Royal Bank Of Canada cut their price objective on Honeywell Aerospace from $300.00 to $250.00 and set an "outperform" rating for the company in a research report on Thursday, August 6th. BNP Paribas Exane decreased their target price 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. TD Cowen initiated coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a "hold" rating and a $250.00 target price on the stock. Argus initiated coverage on shares of Honeywell Aerospace in a research note on Thursday, July 9th. They set a "buy" rating and a $275.00 price target on the stock. Finally, Wall Street Zen upgraded shares of Honeywell Aerospace to a "hold" rating in a report on Sunday, July 12th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $224.17.

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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