Sanctuary Advisors LLC Invests $16.17 Million in Honeywell Aerospace $HONA

Key Points

• Sanctuary Advisors LLC acquired 73,143 Honeywell Aerospace shares worth approximately $16.17 million during the second quarter, while several other investment firms also initiated smaller positions.
• Analyst sentiment is mixed: the stock has a consensus “Hold” rating from MarketBeat, with a consensus price target of $224.17; recent targets range from $175 to $250.
• HONA opened at $161.20, near its 52-week low of $150.03 and well below its $297.50 high. Honeywell Aerospace reported $4.35 billion in quarterly revenue, and analysts expect $7.75 in earnings per share for the current year.

Sanctuary Advisors LLC acquired a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 73,143 shares of the company's stock, valued at approximately $16,170,000.

Several other large investors also recently modified their holdings of HONA. Bell Investment Advisors Inc bought a new position in Honeywell Aerospace during the second quarter worth $29,000. Strategic Wealth Advisors LLC bought a new stake in Honeywell Aerospace during the second quarter valued at $29,000. Meeder Asset Management Inc. bought a new stake in Honeywell Aerospace during the second quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Honeywell Aerospace during the 2nd quarter worth about $40,000. Finally, Gables Capital Management Inc. acquired a new stake in Honeywell Aerospace during the 2nd quarter worth about $47,000.

Analysts Set New Price Targets

HONA has been the subject of several research analyst reports. BMO Capital Markets lowered their price objective on Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating for the company in a research report on Monday, August 10th. Wolfe Research initiated coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a "hold" rating on the stock. Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a research note on Sunday, August 9th. Melius Research raised Honeywell Aerospace to a "strong-buy" rating in a research note on Monday, June 29th. Finally, Royal Bank Of Canada cut their price target on Honeywell Aerospace from $300.00 to $250.00 and set an "outperform" rating on the stock in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $224.17.

Honeywell Aerospace Stock Down 2.1%

HONA opened at $161.20 on Tuesday. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50. The firm has a market capitalization of $51.09 billion and a price-to-earnings ratio of 86.20.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last announced its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The company had revenue of $4.35 billion for the quarter. On average, equities analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current year.

About Honeywell Aerospace

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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