SFE Investment Counsel Invests $2.98 Million in Honeywell Aerospace $HONA

SFE Investment Counsel acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, Holdings Channel.com reports. The firm acquired 13,482 shares of the company’s stock, valued at approximately $2,981,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HONA. Oppenheimer Asset Management Inc. acquired a new stake in Honeywell Aerospace during the second quarter worth approximately $8,809,000. Bryn Mawr Trust Advisors LLC acquired a new position in Honeywell Aerospace in the second quarter valued at approximately $1,301,000. Hardy Reed LLC acquired a new position in Honeywell Aerospace in the second quarter valued at approximately $1,151,000. BIP Wealth LLC bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $713,000. Finally, Everett Harris & Co. CA bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $699,000.

Analyst Ratings Changes

Several analysts have recently commented on HONA shares. Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. BMO Capital Markets cut their target price on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Wells Fargo & Company set a $195.00 price target on shares of Honeywell Aerospace in a report on Monday, August 10th. Finally, Vertical Research assumed coverage on shares of Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Stock Down 2.0%

NASDAQ HONA opened at $166.36 on Friday. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50. The company has a market cap of $52.73 billion and a PE ratio of 88.96.

Honeywell Aerospace (NASDAQ:HONA) last issued its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The firm had revenue of $4.35 billion during the quarter. On average, equities analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Honeywell Aerospace 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.