SFE Investment Counsel Takes $2.84 Million Position in Honeywell Aerospace $HONA

Key Points

• SFE Investment Counsel acquired 12,704 shares of Honeywell Aerospace during the second quarter, representing a new position valued at approximately $2.84 million. Several other institutional investors also initiated stakes in the company.
• Honeywell Aerospace shares were trading down 2.0% at $166.36, with a market capitalization of $52.73 billion. The company reported $4.35 billion in quarterly revenue, while analysts project fiscal-year EPS of $7.75.
• Analyst sentiment is mixed but generally cautious: the stock carries a consensus “Hold” rating and an average price target of $224.17, based on one Strong Buy, four Buy, and ten Hold ratings.

SFE Investment Counsel acquired a new position in Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,704 shares of the company's stock, valued at approximately $2,844,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Trifecta Capital Advisors LLC bought a new stake in Honeywell Aerospace during the second quarter valued at approximately $67,000. Plan Group Financial LLC purchased a new stake in Honeywell Aerospace during the second quarter valued at approximately $270,000. Next Capital Management LLC bought a new position in Honeywell Aerospace in the second quarter worth approximately $270,000. Mill Capital Management LLC bought a new position in Honeywell Aerospace in the second quarter worth approximately $419,000. Finally, Everett Harris & Co. CA purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth $699,000.

Honeywell Aerospace Trading Down 2.0%

Shares of NASDAQ:HONA opened at $166.36 on Friday. The company has a market cap of $52.73 billion and a price-to-earnings 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 announced its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The firm had revenue of $4.35 billion during the quarter. On average, equities research analysts predict that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HONA has been the subject of a number of recent research reports. Wolfe Research started coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a "hold" rating for the company. Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a report on Sunday, August 9th. TD Cowen started coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a "hold" rating and a $250.00 target price on the stock. Royal Bank Of Canada cut their price target on Honeywell Aerospace from $300.00 to $250.00 and set an "outperform" rating for the company in a report on Thursday, August 6th. Finally, Zacks Research upgraded Honeywell Aerospace to a "hold" rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $224.17.

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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