Wealthfront Advisers LLC Acquires Shares of 54,444 Honeywell Aerospace $HONA

Key Points

• Wealthfront Advisers acquired 54,444 shares of Honeywell Aerospace in the second quarter, valued at approximately $12.0 million. Several other investment firms also initiated smaller positions.
• Honeywell Aerospace shares were trading at $160.76, down 0.5%, with a market capitalization of about $51 billion. The company reported quarterly revenue of $4.35 billion and analysts expect full-year EPS of $7.75.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $224.17; recent target prices from major firms range from $205 to $250.

Wealthfront Advisers LLC acquired a new position in Honeywell Aerospace (NASDAQ:HONA - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 54,444 shares of the company's stock, valued at approximately $12,037,000.

Several other large investors also recently made changes to their positions in the business. Meeder Asset Management Inc. acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at $29,000. Bell Investment Advisors Inc bought a new position in shares of Honeywell Aerospace in the second quarter valued at about $29,000. Strategic Wealth Advisors LLC acquired a new position in Honeywell Aerospace during the 2nd quarter worth about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Honeywell Aerospace during the 2nd quarter worth about $40,000. Finally, Trifecta Capital Advisors LLC bought a new stake in Honeywell Aerospace during the 2nd quarter worth about $67,000.

Honeywell Aerospace Trading Down 0.5%

Shares of HONA opened at $160.76 on Wednesday. The firm has a market cap of $50.95 billion and a PE ratio of 85.97. 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 announced its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The firm had revenue of $4.35 billion during the quarter. Research analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HONA. Evercore set a $210.00 price objective on shares of Honeywell Aerospace in a research report on Thursday, August 6th. Wolfe Research initiated coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a "hold" rating on the stock. BNP Paribas Exane reduced their target price on shares of Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating on the stock in a research report on Thursday, August 6th. Morgan Stanley set a $205.00 price target on shares of Honeywell Aerospace in a research note on Friday, August 7th. Finally, TD Cowen assumed coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a "hold" rating and a $250.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price 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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