Principle Wealth Partners LLC Buys New Holdings in Honeywell Aerospace $HONA

Principle Wealth Partners LLC purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,231 shares of the company’s stock, valued at approximately $1,820,000.

A number of other institutional investors have also recently added to or reduced their stakes in HONA. Bell Investment Advisors Inc acquired a new stake in Honeywell Aerospace during the second quarter worth about $29,000. Trifecta Capital Advisors LLC acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $67,000. Kelleher Financial Advisors acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $78,000. J.Safra Asset Management Corp purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter worth about $124,000. Finally, One Wealth Advisors LLC purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter worth about $210,000.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. BNP Paribas Exane dropped their target price on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Wolfe Research assumed coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating on the stock. Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. Argus initiated coverage on shares of Honeywell Aerospace in a research report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price objective for the company. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Stock Down 2.9%

Shares of NASDAQ HONA opened at $161.56 on Tuesday. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50. The stock has a market capitalization of $51.21 billion and a PE ratio of 86.40.

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