Squarepoint Ops LLC Buys New Stake in Honeywell Aerospace $HONA

Key Points

• Squarepoint Ops LLC acquired 15,095 Honeywell Aerospace shares during the second quarter, valued at approximately $3.34 million. Several other institutional investors also initiated or expanded positions.
• Analyst sentiment is mixed, with ratings ranging from sell to strong buy; the overall consensus is “Hold” with an average price target of $224.17.
• Honeywell Aerospace shares opened at $158.26, with a market capitalization of about $50.16 billion and a 52-week range of $149.19 to $297.50.

Squarepoint Ops LLC bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 15,095 shares of the company's stock, valued at approximately $3,337,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Ironvine Capital Partners LLC acquired a new stake in Honeywell Aerospace in the second quarter worth about $10,452,000. California State Teachers Retirement System acquired a new position in Honeywell Aerospace during the 2nd quarter valued at about $24,053,526,000. SFE Investment Counsel bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth about $2,981,000. Werlinich Asset Management LLC bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth about $1,478,000. Finally, MidFirst Bank bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth about $5,608,000.

Analyst Ratings Changes

HONA has been the subject of several recent analyst reports. Wolfe Research started coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a "hold" rating for the company. Zacks Research raised Honeywell Aerospace to a "hold" rating in a report on Wednesday, July 1st. Weiss Ratings began coverage on Honeywell Aerospace in a research report on Friday. They issued a "sell (d)" rating for the company. Argus started coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They set a "buy" rating and a $275.00 price target for the company. Finally, UBS Group lowered their price target on Honeywell Aerospace from $231.00 to $213.00 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 assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $224.17.

Honeywell Aerospace Stock Up 2.9%

Shares of NASDAQ HONA opened at $158.26 on Friday. Honeywell Aerospace has a twelve month low of $149.19 and a twelve month high of $297.50. The firm has a 50-day simple moving average of $184.60. The firm has a market cap of $50.16 billion and a P/E ratio of 84.63.

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 business had revenue of $4.35 billion during the quarter. On average, sell-side analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current year.

Honeywell Aerospace Company Profile

Honeywell Aerospace is an aerospace technology company that develops and supplies systems, components and services for commercial aviation, business and general aviation, defense and space markets. Its portfolio includes aircraft engines, auxiliary power units, avionics, flight controls, navigation and communication systems, thermal management equipment, wheels and brakes, and other propulsion and safety technologies.

The company serves aircraft manufacturers, airlines, business aviation operators, military customers and aftermarket service providers around the world.

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