Van Hulzen Asset Management LLC Acquires Shares of 9,554 Honeywell Aerospace $HONA

Key Points

• Van Hulzen Asset Management acquired 9,554 Honeywell Aerospace shares during the second quarter, valued at approximately $2.14 million. Several other institutional investors also initiated smaller positions.
• Analyst sentiment is largely neutral: Honeywell Aerospace has an average “Hold” rating and an average price target of $224.17, though recent targets range from $175 to $250.
• HONA opened at $161.20, down 2.1%, with a market capitalization of $51.09 billion. The stock has traded between $150.03 and $297.50 over the past 52 weeks.

Van Hulzen Asset Management LLC bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,554 shares of the company's stock, valued at approximately $2,139,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bell Investment Advisors Inc purchased a new stake in Honeywell Aerospace in the second quarter worth $29,000. Strategic Wealth Advisors LLC purchased a new position in Honeywell Aerospace during the second quarter valued at $29,000. Meeder Asset Management Inc. bought a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $40,000. Finally, Gables Capital Management Inc. purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter worth about $47,000.

Analyst Ratings Changes

Several analysts recently weighed in on HONA shares. TD Cowen initiated coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a "hold" rating and a $250.00 price target on the stock. Wall Street Zen upgraded Honeywell Aerospace to a "hold" rating in a research note on Sunday, July 12th. BNP Paribas Exane dropped their target price on Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating on the stock in a report on Thursday, August 6th. Wolfe Research assumed coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a "hold" rating on the stock. Finally, Jefferies Financial Group set a $175.00 price target on Honeywell Aerospace in a report on Sunday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $224.17.

Honeywell Aerospace Trading Down 2.1%

HONA opened at $161.20 on Tuesday. The stock has a market cap of $51.09 billion and a price-to-earnings ratio of 86.20. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last announced its quarterly earnings results 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. As a group, analysts expect that Honeywell Aerospace will post 7.75 EPS 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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