Pin Oak Investment Advisors Inc. Takes $1.66 Million Position in Honeywell Aerospace $HONA

Key Points

• Pin Oak Investment Advisors acquired 7,492 Honeywell Aerospace shares in the second quarter, valued at approximately $1.66 million. Several other institutional investors also established new positions.
• HONA opened at $162.37, with a $51.46 billion market capitalization and a trading range of $150.03 to $297.50 over the past year. The stock’s 50-day moving average was $195.14.
• Analyst sentiment is broadly neutral, with a consensus “Hold” rating and an average price target of $224.17; ratings range from Strong Buy to Hold.

Pin Oak Investment Advisors Inc. acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,492 shares of the company's stock, valued at approximately $1,656,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HONA. Meeder Asset Management Inc. acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at approximately $29,000. Bell Investment Advisors Inc acquired a new position in Honeywell Aerospace during the 2nd quarter worth $29,000. Strategic Wealth Advisors LLC bought a new position in shares of Honeywell Aerospace in the second quarter worth $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Honeywell Aerospace in the second quarter worth $40,000. Finally, Gables Capital Management Inc. acquired a new position in shares of Honeywell Aerospace during the second quarter valued at $47,000.

Honeywell Aerospace Stock Up 1.0%

HONA opened at $162.37 on Friday. The company has a market cap of $51.46 billion and a P/E ratio of 86.83. The stock has a fifty day moving average price of $195.14. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last announced its earnings results 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 for the quarter. Research analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. TD Cowen assumed coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They set a "hold" rating and a $250.00 price objective on the stock. Zacks Research raised shares of Honeywell Aerospace to a "hold" rating in a research note on Wednesday, July 1st. Jefferies Financial Group set a $175.00 price target on shares of Honeywell Aerospace in a research report on Sunday, August 9th. BNP Paribas Exane reduced their price target on shares of Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating for the company in a research note on Thursday, August 6th. Finally, Melius Research upgraded shares of Honeywell Aerospace to a "strong-buy" rating in a report on Monday, June 29th. One equities research 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus 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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