Perigon Wealth Management LLC Buys New Position in Honeywell Aerospace $HONA

Key Points

• Perigon Wealth Management initiated a Honeywell Aerospace position in the second quarter, purchasing 13,458 shares valued at approximately $2.98 million. Several other investment firms also opened new positions.
• Analysts maintain a generally cautious outlook: HONA has an average “Hold” rating from MarketBeat, with a consensus price target of $224.17, despite targets ranging from $175 to $255.
• Honeywell Aerospace shares fell 2.9% to $161.56, near the lower end of their 52-week range. The company reported quarterly revenue of $4.35 billion, while analysts expect full-year EPS of $7.75.

Perigon Wealth Management LLC bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,458 shares of the company's stock, valued at approximately $2,975,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Bell Investment Advisors Inc bought a new position in shares of Honeywell Aerospace in the second quarter valued at $29,000. Trifecta Capital Advisors LLC bought a new position in Honeywell Aerospace in the 2nd quarter valued at about $67,000. Kelleher Financial Advisors acquired a new position in shares of Honeywell Aerospace in the second quarter valued at approximately $78,000. J.Safra Asset Management Corp bought a new position in shares of Honeywell Aerospace during the second quarter worth approximately $124,000. Finally, One Wealth Advisors LLC bought a new position in shares of Honeywell Aerospace during the second quarter worth approximately $210,000.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HONA. Wells Fargo & Company set a $195.00 price objective on Honeywell Aerospace in a report on Monday, August 10th. Morgan Stanley set a $205.00 price objective on shares of Honeywell Aerospace in a report on Friday, August 7th. JPMorgan Chase & Co. assumed coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They set a "neutral" rating and a $255.00 target price on the stock. Zacks Research upgraded shares of Honeywell Aerospace to a "hold" rating in a research report on Wednesday, July 1st. Finally, Jefferies Financial Group set a $175.00 price target on Honeywell Aerospace in a research note on Sunday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $224.17.

Honeywell Aerospace Trading Down 2.9%

NASDAQ HONA opened at $161.56 on Tuesday. The company has a market cap of $51.21 billion and a P/E ratio of 86.40. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last announced its quarterly earnings data 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. Equities analysts expect that Honeywell Aerospace will post 7.75 EPS for the current year.

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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