Foster & Motley Inc. Buys Shares of 3,717 Honeywell Aerospace $HONA

Foster & Motley Inc. acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,717 shares of the company’s stock, valued at approximately $822,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $29,000. Bell Investment Advisors Inc purchased a new position in Honeywell Aerospace during the 2nd quarter worth $29,000. Strategic Wealth Advisors LLC acquired a new position in shares of Honeywell Aerospace during the second quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Honeywell Aerospace during the 2nd quarter valued at approximately $40,000. Finally, Trifecta Capital Advisors LLC purchased a new position in Honeywell Aerospace in the 2nd quarter worth $67,000.

Honeywell Aerospace Stock Performance

HONA opened at $170.76 on Thursday. The company has a market capitalization of $54.12 billion and a P/E ratio of 91.31. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last issued its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The business had revenue of $4.35 billion for the quarter. As a group, analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wolfe Research started coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating 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. Morgan Stanley upgraded Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective for the company in a research report on Wednesday. Jefferies Financial Group set a $175.00 target price on shares of Honeywell Aerospace in a research note on Sunday, August 9th. Finally, BNP Paribas Exane reduced their price objective on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $224.17.

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.