SFE Investment Counsel Takes $2.98 Million Position in Honeywell Aerospace $HONA

Key Points

• SFE Investment Counsel acquired 13,482 Honeywell Aerospace shares during the second quarter, worth approximately $2.98 million. Several other institutional investors also initiated positions, including Oppenheimer Asset Management with an estimated $8.81 million stake.
• Analyst sentiment is mixed but leans neutral: Honeywell Aerospace has a consensus “Hold” rating and an average price target of $224.17, with individual targets ranging from $205 to $275.
• HONA opened at $166.36, below its 52-week high of $297.50, with a market capitalization of $52.73 billion and a price-to-earnings ratio of 88.96. The company reported quarterly revenue of $4.35 billion, while analysts expect full-year EPS of 7.75.

SFE Investment Counsel purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,482 shares of the company's stock, valued at approximately $2,981,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. bought a new position in Honeywell Aerospace in the 2nd quarter valued at approximately $8,809,000. BIP Wealth LLC bought a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $713,000. Bryn Mawr Trust Advisors LLC bought a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $1,301,000. Hardy Reed LLC acquired a new position in Honeywell Aerospace in the 2nd quarter valued at approximately $1,151,000. Finally, Everett Harris & Co. CA acquired a new position in Honeywell Aerospace in the 2nd quarter valued at approximately $699,000.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HONA shares. Zacks Research raised shares of Honeywell Aerospace to a "hold" rating in a research note on Wednesday, July 1st. Morgan Stanley set a $205.00 price objective on shares of Honeywell Aerospace in a research note on Friday, August 7th. Wolfe Research assumed coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a "hold" rating for the company. TD Cowen initiated coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a "hold" rating and a $250.00 target price for the company. Finally, Argus began coverage on Honeywell Aerospace in a report on Thursday, July 9th. They set a "buy" rating and a $275.00 target price on the stock. One investment 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's stock. According to MarketBeat, Honeywell Aerospace has a consensus rating of "Hold" and an average price target of $224.17.

Honeywell Aerospace Price Performance

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 fifty-two week low of $150.03 and a fifty-two week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last released its quarterly earnings results 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 for the quarter. On average, sell-side analysts expect that Honeywell Aerospace will post 7.75 EPS for the current 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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