Trust Co. of Vermont Purchases Shares of 91,239 Honeywell Aerospace $HONA

Key Points

• Trust Co. of Vermont acquired 91,239 Honeywell Aerospace shares in the second quarter, valued at approximately $20.4 million. Several other institutional investors also initiated positions, including Mitsubishi UFJ Asset Management with a stake worth about $205.7 million.
• Honeywell Aerospace shares opened at $161.56, with a market capitalization of $51.21 billion and a 12-month trading range of $150.03 to $297.50. The company reported quarterly revenue of $4.35 billion, while analysts expect full-year EPS of $7.75.
• Analyst sentiment is mixed but currently centers on a “Hold” consensus, with a $224.17 average price target. Ratings include one Strong Buy, four Buys, and ten Holds.

Trust Co. of Vermont acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 91,239 shares of the company's stock, valued at approximately $20,428,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HONA. Principle Wealth Partners LLC bought a new position in shares of Honeywell Aerospace in the second quarter valued at approximately $1,820,000. Focused Wealth Management Inc bought a new stake in Honeywell Aerospace during the second quarter worth $504,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Honeywell Aerospace during the second quarter worth $205,658,000. Monaco Asset Management SAM bought a new stake in Honeywell Aerospace during the second quarter worth $4,478,000. Finally, Persistent Asset Partners Ltd purchased a new stake in Honeywell Aerospace in the 2nd quarter valued at $3,416,000.

Honeywell Aerospace Price Performance

Shares of HONA opened at $161.56 on Tuesday. The company has a market cap of $51.21 billion and a P/E ratio of 86.40. 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 predict that Honeywell Aerospace will post 7.75 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wall Street Zen upgraded Honeywell Aerospace to a "hold" rating in a research note on Sunday, July 12th. TD Cowen initiated coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a "hold" rating and a $250.00 target price for the company. Wolfe Research initiated coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a "hold" rating for the company. Evercore set a $210.00 price target on shares of Honeywell Aerospace in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada cut their price target on shares of Honeywell Aerospace from $300.00 to $250.00 and set an "outperform" rating on the stock in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $224.17.

About Honeywell Aerospace

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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