OneDigital Investment Advisors LLC Takes Position in Honeywell Aerospace $HONA

OneDigital Investment Advisors LLC acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,084 shares of the company’s stock, valued at approximately $1,362,000.

Other large investors also recently made changes to their positions in the company. Bell Investment Advisors Inc bought a new stake in Honeywell Aerospace in the 2nd quarter valued at about $29,000. Trifecta Capital Advisors LLC bought a new position in Honeywell Aerospace in the second quarter worth approximately $67,000. Kelleher Financial Advisors bought a new position in Honeywell Aerospace in the second quarter worth approximately $78,000. J.Safra Asset Management Corp acquired a new stake in Honeywell Aerospace in the second quarter valued at approximately $124,000. Finally, One Wealth Advisors LLC acquired a new stake in Honeywell Aerospace in the second quarter valued at approximately $210,000.

Honeywell Aerospace Price Performance

Shares of Honeywell Aerospace stock opened at $161.56 on Tuesday. The company has a market capitalization of $51.21 billion and a PE ratio of 86.40. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. TD Cowen started coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $250.00 price objective for the company. Wells Fargo & Company set a $195.00 price target on shares of Honeywell Aerospace in a research report on Monday, August 10th. Vertical Research started 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. Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. Finally, Morgan Stanley set a $205.00 price objective on shares of Honeywell Aerospace in a research note on Friday, August 7th. One research 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $224.17.

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.