Silvant Capital Management LLC Purchases New Position in Honeywell Aerospace $HONA

Key Points

• Silvant Capital Management initiated a Honeywell Aerospace position of 57,025 shares valued at approximately $12.6 million in the second quarter. Several other institutional investors also established new, smaller positions.
• Analyst sentiment remains mixed: Morgan Stanley upgraded the stock to Overweight with a $205 target, while other firms lowered targets. The consensus rating is Hold, with an average price target of $224.17.
• HONA recently traded at $165.89, down 2.6%, with a $52.6 billion market capitalization and a share price near its 52-week low. Investors are also weighing macroeconomic pressures and a newly announced shareholder investigation.

Silvant Capital Management LLC acquired a new position in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 57,025 shares of the company's stock, valued at approximately $12,607,000.

Other large investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in Honeywell Aerospace during the second quarter valued at $29,000. Bell Investment Advisors Inc purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at about $29,000. Strategic Wealth Advisors LLC purchased a new stake in Honeywell Aerospace in the second quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $40,000. Finally, Gables Capital Management Inc. bought a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $47,000.

Analysts Set New Price Targets

HONA has been the topic of several research analyst reports. Wells Fargo & Company set a $195.00 price target on Honeywell Aerospace in a report on Monday, August 10th. Morgan Stanley upgraded Honeywell Aerospace from an "equal weight" rating to an "overweight" rating and set a $205.00 price objective for the company in a research report on Wednesday. BMO Capital Markets dropped their target price on Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating on the stock in a research report on Monday, August 10th. Wall Street Zen upgraded Honeywell Aerospace to a "hold" rating in a research report on Sunday, July 12th. Finally, BNP Paribas Exane decreased their price objective on shares of Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating on the stock in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $224.17.

Honeywell Aerospace Trading Down 2.6%

Shares of HONA opened at $165.89 on Friday. The firm has a market capitalization of $52.58 billion and a P/E ratio of 88.71. 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 data on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The business had revenue of $4.35 billion for the quarter. As a group, analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current year.

Honeywell Aerospace News Roundup

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

• Positive Sentiment: Morgan Stanley upgraded Honeywell Aerospace to Overweight from Equal-weight and maintained a $205 price target. Analyst Kristine Liwag argued that the recent selloff created an attractive entry point, implying substantial upside from current levels. Honeywell Aerospace Stock Upgraded to Overweight Following Sell-Off
• Positive Sentiment: Multiple reports highlighted Morgan Stanley’s view that Honeywell Aerospace had become “too cheap to ignore.” The upgrade helped drive a sharp rebound in the stock during the prior session and may support investor confidence in the company’s long-term earnings outlook. Honeywell Aerospace is now too cheap to ignore, says Morgan Stanley
• Neutral Sentiment: Analyst coverage remains mixed, suggesting that Morgan Stanley’s bullish stance is not universally shared. Investors are likely balancing the $205 price target against valuation concerns, recent volatility, and uncertainty in the broader market. Honeywell Aerospace Sees Mixed Analyst Views
• Neutral Sentiment: Broader market conditions were also unfavorable, with rising yields and geopolitical concerns weighing on equities. Those macroeconomic pressures could limit the immediate benefit of the Morgan Stanley upgrade. Top Wall Street Analyst Research Calls
• Negative Sentiment: Law firm Bragar Eagel & Squire announced an investigation into Honeywell Aerospace on behalf of shareholders who suffered losses. Although the announcement does not establish wrongdoing, litigation-related headlines can increase uncertainty and weigh on the stock. Honeywell Aerospace Stockholder Alert

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source