Sterling Investment Advisors Ltd. Purchases New Holdings in Honeywell Aerospace $HONA

Key Points

• Sterling Investment Advisors acquired 8,685 Honeywell Aerospace shares during the second quarter, valued at approximately $1.92 million. Several major institutional investors, including CalSTRS and BlackRock, also initiated positions.
• Honeywell Aerospace shares opened at $155.42, near their 52-week low of $150.03 and well below the $297.50 high. The company has a market capitalization of $49.26 billion and a price-to-earnings ratio of 83.11.
• Analyst sentiment is mixed, with one Strong Buy, five Buy, and nine Hold ratings; the consensus rating is Hold with a $224.17 price target. Recent targets range from $175 to $250.

Sterling Investment Advisors Ltd. acquired a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 8,685 shares of the company's stock, valued at approximately $1,920,000.

A number of other large investors also recently bought and sold shares of the company. California State Teachers Retirement System purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $24,053,526,000. BlackRock Inc. purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $5,253,341,000. Wellington Management Group LLP acquired a new position in Honeywell Aerospace during the second quarter worth $1,705,882,000. Bank of America Corp DE acquired a new position in Honeywell Aerospace during the second quarter worth $1,034,187,000. Finally, Bank of New York Mellon Corp purchased a new position in Honeywell Aerospace in the second quarter worth $644,412,000.

Honeywell Aerospace Stock Performance

Shares of NASDAQ HONA opened at $155.42 on Wednesday. The company has a 50-day simple moving average of $189.76. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50. The firm has a market cap of $49.26 billion and a PE ratio of 83.11.

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 for the quarter. The company had revenue of $4.35 billion during the quarter. On average, analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HONA. Royal Bank Of Canada lowered their price target on shares of Honeywell Aerospace from $300.00 to $250.00 and set an "outperform" rating on the stock in a research note on Thursday, August 6th. Melius Research upgraded shares of Honeywell Aerospace to a "strong-buy" rating in a research note on Monday, June 29th. JPMorgan Chase & Co. assumed coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They set a "neutral" rating and a $255.00 target price on the stock. Wolfe Research initiated coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a "hold" rating for the company. Finally, Jefferies Financial Group set a $175.00 price target on Honeywell Aerospace in a research note on Sunday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Honeywell Aerospace currently has an average rating of "Hold" and a consensus price target of $224.17.

Honeywell Aerospace Company Profile

Honeywell Aerospace is an aerospace technology company that develops and supplies products and systems for commercial aviation, business and general aviation, defense, and space applications. Its portfolio includes aircraft engines, auxiliary power units, avionics, flight controls, navigation and communication systems, propulsion technologies, environmental-control and thermal-management systems, and connected aircraft software.

The company serves aircraft manufacturers, airlines, operators, maintenance providers, and government customers worldwide.

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