Troluce Capital Advisors LLC Invests $4.28 Million in Honeywell Aerospace $HONA

Key Points

• Troluce Capital Advisors initiated a $4.28 million position in Honeywell Aerospace during the second quarter, purchasing 16,700 shares and making it the firm’s 14th-largest holding.
• Several other institutional investors also acquired new stakes, led by Oppenheimer Asset Management with an investment of approximately $8.81 million.
• HONA opened at $161.01, well below its 52-week high of $297.50. Analysts maintain an average “Hold” rating with a consensus price target of $224.17, despite mixed target revisions.

Troluce Capital Advisors LLC purchased a new position in Honeywell Aerospace (NASDAQ:HONA - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,700 shares of the company's stock, valued at approximately $4,275,000. Honeywell Aerospace accounts for 0.4% of Troluce Capital Advisors LLC's investment portfolio, making the stock its 14th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hardy Reed LLC bought a new stake in Honeywell Aerospace during the second quarter worth about $1,151,000. Plan Group Financial LLC bought a new position in Honeywell Aerospace in the 2nd quarter valued at about $270,000. Mill Capital Management LLC acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $419,000. Bryn Mawr Trust Advisors LLC bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth approximately $1,301,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth approximately $8,809,000.

Honeywell Aerospace Stock Performance

HONA stock opened at $161.01 on Friday. The stock's 50 day moving average is $191.08. The firm has a market cap of $51.03 billion and a PE ratio of 86.10. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last issued its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 EPS 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 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Morgan Stanley raised shares of Honeywell Aerospace from an "equal weight" rating to an "overweight" rating and set a $205.00 price objective on the stock in a research note on Wednesday, August 19th. Vertical Research assumed coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They set a "hold" rating and a $243.00 target price for the company. Wall Street Zen raised Honeywell Aerospace to a "hold" rating in a report on Sunday, July 12th. BNP Paribas Exane decreased their price target on Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating on the stock in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada dropped their price objective on Honeywell Aerospace from $300.00 to $250.00 and set an "outperform" rating for the company in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $224.17.

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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