SCS Capital Management LLC Buys New Shares in Honeywell Aerospace $HONA

Key Points

• SCS Capital Management acquired 7,768 Honeywell Aerospace shares during the second quarter, valued at approximately $1.7 million. Several other investment firms also initiated positions in the company.
• Analyst sentiment is mixed but leans neutral: HONA has a consensus “Hold” rating and an average price target of $224.17, with targets ranging from $195 to $255.
• Honeywell Aerospace shares opened at $166.36, near the lower end of their 52-week range of $150.03 to $297.50. The company reported quarterly revenue of $4.35 billion, while analysts expect full-year EPS of $7.75.

SCS Capital Management LLC bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,768 shares of the company's stock, valued at approximately $1,717,000.

A number of other large investors have also bought and sold shares of HONA. Trifecta Capital Advisors LLC acquired a new stake in Honeywell Aerospace in the second quarter worth $67,000. Kelleher Financial Advisors acquired a new position in shares of Honeywell Aerospace during the second quarter valued at about $78,000. One Wealth Advisors LLC acquired a new position in shares of Honeywell Aerospace during the second quarter valued at about $210,000. Bridgewater Advisors Inc. bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth about $236,000. Finally, Silverlake Wealth Management LLC bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth about $255,000.

Analyst Upgrades and Downgrades

HONA has been the subject of a number of research analyst reports. Wells Fargo & Company set a $195.00 target price on Honeywell Aerospace in a research report on Monday, August 10th. Zacks Research raised Honeywell Aerospace to a "hold" rating in a research note on Wednesday, July 1st. JPMorgan Chase & Co. started coverage on Honeywell Aerospace in a report on Friday, July 10th. They issued a "neutral" rating and a $255.00 price target on the stock. Melius Research raised Honeywell Aerospace to a "strong-buy" rating in a research note on Monday, June 29th. Finally, UBS Group decreased their price objective on Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating for the company in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $224.17.

Honeywell Aerospace Price Performance

Shares of NASDAQ HONA opened at $166.36 on Monday. The stock has a market cap of $52.73 billion and a PE ratio of 88.96. 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 posted its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The business had revenue of $4.35 billion during the quarter. As a group, research analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

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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