Toth Financial Advisory Corp Makes New Investment in Honeywell Aerospace $HONA

Key Points

• Toth Financial Advisory Corp. purchased 14,124 shares of Honeywell Aerospace in the second quarter, valued at approximately $3.12 million. Several other investment firms also initiated new positions.
• Analyst sentiment is mixed, with one Strong Buy, five Buy, and nine Hold ratings; the consensus rating is Hold, with an average price target of $224.17.
• HONA opened at $162.37, with a $51.46 billion market capitalization and a 12-month trading range of $150.03 to $297.50. The company reported $4.35 billion in quarterly revenue and analysts expect $7.75 in current-year EPS.

Toth Financial Advisory Corp purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,124 shares of the company's stock, valued at approximately $3,122,000.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HONA shares. JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a research note on Friday, July 10th. They set a "neutral" rating and a $255.00 price target on the stock. TD Cowen began coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a "hold" rating and a $250.00 target price on the stock. Jefferies Financial Group set a $175.00 price target on shares of Honeywell Aerospace in a report on Sunday, August 9th. Melius Research raised Honeywell Aerospace to a "strong-buy" rating in a research report on Monday, June 29th. Finally, Vertical Research assumed coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They set a "hold" rating and a $243.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $224.17.

Honeywell Aerospace Trading Up 1.0%

HONA stock opened at $162.37 on Friday. The company has a market capitalization of $51.46 billion and a price-to-earnings ratio of 86.83. The firm has a 50 day simple moving average of $195.14. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last issued its quarterly earnings results 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. On average, equities research analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Honeywell Aerospace Company 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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