Texas Capital Bank Wealth Management Services Inc Invests $819,000 in Honeywell Aerospace $HONA

Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 3,706 shares of the company’s stock, valued at approximately $819,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HONA. Bell Investment Advisors Inc purchased a new stake in Honeywell Aerospace in the second quarter worth approximately $29,000. Trifecta Capital Advisors LLC purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at $67,000. Kelleher Financial Advisors purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at $78,000. J.Safra Asset Management Corp bought a new position in shares of Honeywell Aerospace during the 2nd quarter valued at $124,000. Finally, Dunhill Financial LLC bought a new position in shares of Honeywell Aerospace during the 2nd quarter valued at $144,000.

Honeywell Aerospace Stock Down 0.5%

Shares of HONA stock opened at $160.76 on Wednesday. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50. The firm has a market cap of $50.95 billion and a PE ratio of 85.97.

Honeywell Aerospace (NASDAQ:HONA) last posted its quarterly earnings data 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. On average, sell-side analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

HONA has been the topic of a number of research reports. Jefferies Financial Group set a $175.00 price target on Honeywell Aerospace in a research note on Sunday, August 9th. Wells Fargo & Company set a $195.00 target price on Honeywell Aerospace in a report on Monday, August 10th. Royal Bank Of Canada lowered their target price on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. TD Cowen began coverage on Honeywell Aerospace in a research report on Monday, June 29th. They issued a “hold” rating and a $250.00 target price on the stock. Finally, Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. One 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.