Tompkins Financial Corp Makes New $2.49 Million Investment in Honeywell Aerospace $HONA

Key Points

• Tompkins Financial Corp. initiated a $2.49 million position in Honeywell Aerospace during the third quarter, purchasing 16,088 shares. Several other institutional investors also recently established smaller positions.
• Analyst sentiment is mixed, with six Buy, nine Hold, and two Sell ratings. Honeywell Aerospace has a consensus rating of Hold and an average price target of $219.29.
• HONA shares rose 0.5% to $155.46, giving the company a market capitalization of about $49.27 billion; the stock remains well below its 52-week high of $297.50.

Tompkins Financial Corp bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 16,088 shares of the company's stock, valued at approximately $2,493,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameliora Wealth Management Ltd. bought a new stake in Honeywell Aerospace during the second quarter valued at about $25,000. Leo H. Evart Inc. purchased a new stake in shares of Honeywell Aerospace during the second quarter valued at about $26,000. Outlook Capital Management LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $26,000. Security National Bank of SO Dak purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth approximately $27,000. Finally, Cherry Tree Wealth Management LLC bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $28,000.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on HONA shares. Morgan Stanley raised Honeywell Aerospace from an "equal weight" rating to an "overweight" rating and set a $205.00 price target on the stock in a research report on Wednesday, August 19th. JPMorgan Chase & Co. started coverage on Honeywell Aerospace in a research note on Friday, July 10th. They set a "neutral" rating and a $255.00 target price on the stock. Melius Research set a $190.00 target price on Honeywell Aerospace in a research report on Monday, September 14th. Zacks Research lowered shares of Honeywell Aerospace from a "hold" rating to a "strong sell" rating in a research note on Monday, September 14th. Finally, Jefferies Financial Group set a $175.00 price objective on shares of Honeywell Aerospace in a research note on Sunday, August 9th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Honeywell Aerospace has a consensus rating of "Hold" and an average price target of $219.29.

Honeywell Aerospace Trading Up 0.5%

Honeywell Aerospace stock traded up $0.83 during trading on Monday, hitting $155.46. The company had a trading volume of 797,489 shares, compared to its average volume of 3,665,237. The stock has a market cap of $49.27 billion and a PE ratio of 83.14. Honeywell Aerospace has a 1-year low of $149.19 and a 1-year high of $297.50. The company has a 50 day simple moving average of $168.57.

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

About Honeywell Aerospace

Honeywell Aerospace is an aerospace and defense technology company that develops systems and equipment for commercial aircraft, business and general aviation, military platforms, and spacecraft. Its portfolio includes aircraft engines and propulsion systems, auxiliary power units, avionics, flight controls, environmental control systems, electrical power systems, landing systems, communications technology, and aircraft safety products.

The company also provides software, connected-aircraft technologies, maintenance, repair and overhaul services, spare parts, upgrades, and other aftermarket support.

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