Two Sigma Securities LLC Invests $2.19 Million in Honeywell Aerospace $HONA

Key Points

• Two Sigma Securities opened a new Honeywell Aerospace position in the second quarter, purchasing 9,798 shares valued at approximately $2.19 million. Several other institutional investors also initiated stakes during the quarter.
• Analyst sentiment is broadly cautious: Honeywell Aerospace has an average “Hold” rating and a consensus price target of $224.17, despite ratings ranging from Strong Buy to Hold.
• HONA opened at $162.37, near its 52-week low of $150.03 and well below its 52-week high of $297.50. The company reported $4.35 billion in quarterly revenue, while analysts expect full-year EPS of $7.75.

Two Sigma Securities LLC purchased 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 firm purchased 9,798 shares of the company's stock, valued at approximately $2,194,000.

Other large investors also recently bought and sold shares of the company. Benjamin Edwards Inc. bought a new position in Honeywell Aerospace in the 2nd quarter valued at $4,430,000. GTS Securities LLC bought a new stake in shares of Honeywell Aerospace during the second quarter worth $598,000. IMC Chicago LLC bought a new stake in shares of Honeywell Aerospace during the second quarter worth $10,508,000. Flputnam Investment Management Co. purchased a new stake in shares of Honeywell Aerospace during the second quarter valued at $4,613,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Honeywell Aerospace during the second quarter valued at $9,974,000.

Analyst Ratings Changes

Several research firms recently commented on HONA. Jefferies Financial Group set a $175.00 price target on shares of Honeywell Aerospace in a research note on Sunday, August 9th. JPMorgan Chase & Co. began coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They issued a "neutral" rating and a $255.00 price objective for the company. Royal Bank Of Canada dropped their target price 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. Wall Street Zen raised shares of Honeywell Aerospace to a "hold" rating in a research report on Sunday, July 12th. Finally, Vertical Research assumed coverage on shares of Honeywell Aerospace in a research note on Wednesday, July 1st. They set a "hold" rating and a $243.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Honeywell Aerospace currently has an average rating of "Hold" and an average price target of $224.17.

Honeywell Aerospace Stock Performance

NASDAQ HONA opened at $162.37 on Monday. The company's 50 day simple moving average is $195.14. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50. The company has a market capitalization of $51.46 billion and a P/E ratio of 86.83.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last issued its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The business had revenue of $4.35 billion for the quarter. As a group, equities research analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current year.

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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