Pinnacle Associates Ltd. Purchases 12,357 Shares of Honeywell Aerospace $HONA

Key Points

• Pinnacle Associates increased its Honeywell Aerospace stake by 21% in the third quarter, acquiring 12,357 shares and bringing its total holdings to 71,268 shares valued at approximately $11.04 million.
• HONA shares opened at $162.46, while analysts maintain a consensus “Hold” rating with an average price target of $201.93. The company reported $4.35 billion in quarterly revenue, and analysts expect $7.77 in full-year EPS.
• Honeywell Aerospace faces potential legal and execution risks, including allegations involving supplier constraints and an ongoing Justice Department inquiry, following a 70% year-over-year decline in second-quarter net income and reduced full-year guidance.

Pinnacle Associates Ltd. increased its position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) by 21.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 71,268 shares of the company's stock after acquiring an additional 12,357 shares during the period. Pinnacle Associates Ltd.'s holdings in Honeywell Aerospace were worth $11,044,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of HONA. Robeco Institutional Asset Management B.V. increased its holdings in Honeywell Aerospace by 1,039.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 96,342 shares of the company's stock worth $14,930,000 after purchasing an additional 87,884 shares in the last quarter. Lakeshore Capital Group Inc. acquired a new stake in shares of Honeywell Aerospace during the third quarter valued at about $245,000. Provident Wealth Management LLC acquired a new stake in shares of Honeywell Aerospace during the third quarter valued at about $257,000. Bank Pictet & Cie Europe AG boosted its stake in shares of Honeywell Aerospace by 30.7% during the third quarter. Bank Pictet & Cie Europe AG now owns 34,468 shares of the company's stock valued at $5,342,000 after purchasing an additional 8,101 shares in the last quarter. Finally, Peoples Financial Services CORP. bought a new stake in shares of Honeywell Aerospace during the third quarter worth about $247,000.

Honeywell Aerospace Stock Up 1.6%

NASDAQ HONA opened at $162.46 on Thursday. The firm has a market capitalization of $51.49 billion and a P/E ratio of 86.88. Honeywell Aerospace has a twelve month low of $149.19 and a twelve month high of $297.50. The firm has a fifty day moving average of $160.03.

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 (EPS) for the quarter. The company had revenue of $4.35 billion for the quarter. Sell-side analysts anticipate that Honeywell Aerospace will post 7.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HONA shares. JPMorgan Chase & Co. initiated coverage on Honeywell Aerospace in a research note on Friday, July 10th. They issued a "neutral" rating and a $255.00 price objective for the company. Evercore set a $210.00 price objective on shares of Honeywell Aerospace in a report on Thursday, August 6th. Melius Research set a $190.00 target price on shares of Honeywell Aerospace in a research report on Monday, September 14th. Jefferies Financial Group set a $175.00 target price on shares of Honeywell Aerospace and gave the stock a "hold" rating in a research report on Sunday, August 9th. Finally, TD Cowen reduced their target price on shares of Honeywell Aerospace from $180.00 to $170.00 and set a "hold" rating on the stock in a report on Friday, October 9th. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Honeywell Aerospace currently has a consensus rating of "Hold" and an average price target of $201.93.

Trending Headlines about Honeywell Aerospace

Here are the key news stories impacting Honeywell Aerospace this week:

• Positive Sentiment: Morgan Stanley issued a Buy rating on Honeywell Aerospace, providing a favorable Wall Street signal that could help support the shares and improve sentiment. Morgan Stanley Gives a Buy Rating to Honeywell Aerospace
• Positive Sentiment: Honeywell Aerospace forecasts 9,950 new business-jet deliveries over the next decade. The outlook points to a sizable long-term market opportunity for aerospace equipment and services, although it is not an immediate earnings catalyst. Honeywell Aerospace Forecasts 9,950 New Business Jet Deliveries Over Next Decade
• Neutral Sentiment: Multiple law firms reiterated that investors who purchased HONA shares during the alleged class period—generally June 29 through September 1, 2026—have until November 23, 2026 to seek lead-plaintiff status. The repeated notices largely provide procedural updates rather than new allegations or financial developments. Rosen Securities Class Action Deadline Notice
• Negative Sentiment: The securities lawsuit alleges Honeywell Aerospace failed to disclose that supplier constraints were limiting hundreds of millions of dollars in revenue and that a Justice Department False Claims Act inquiry was pending. If proven, the claims could increase legal costs, reputational damage, and uncertainty around reported results and guidance. Levi and Korsinsky Honeywell Aerospace Lawsuit Notice
• Negative Sentiment: The legal pressure follows an earlier report that second-quarter net income fell 70% year over year and Honeywell Aerospace reduced its full-year guidance, reinforcing concerns about near-term execution and the company’s disclosure practices. Moore Law Honeywell Aerospace Investor Action Notice

Honeywell Aerospace Profile

Honeywell Aerospace develops and supplies aerospace technologies for commercial aviation, business and general aviation, defense, and space customers. Its portfolio includes aircraft engines and auxiliary power units, avionics, flight controls, navigation and communication systems, environmental and thermal-management equipment, wheels and brakes, and other propulsion and mechanical systems.

The company also provides aftermarket support, including maintenance, repair and overhaul services, replacement parts, upgrades, technical assistance, and digital solutions designed to improve aircraft performance and operational efficiency.

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