Haverford Trust Co Invests $98.79 Million in Honeywell Aerospace $HONA

Haverford Trust Co bought a new position in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 446,840 shares of the company’s stock, valued at approximately $98,787,000.

A number of other institutional investors have also added to or reduced their stakes in HONA. Clear Harbor Asset Management LLC bought a new position in Honeywell Aerospace in the second quarter valued at $1,936,000. First Nebraska Trust Co purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth about $3,589,000. Bank of Nova Scotia bought a new position in shares of Honeywell Aerospace during the 2nd quarter valued at about $28,120,000. Kirtland Hills Capital Management LLC bought a new position in shares of Honeywell Aerospace during the 2nd quarter valued at about $636,000. Finally, Hudson Portfolio Management LLC bought a new position in shares of Honeywell Aerospace during the 2nd quarter valued at about $439,000.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HONA. Argus assumed coverage on Honeywell Aerospace in a research report on Thursday, July 9th. They issued a “buy” rating and a $275.00 target price for the company. Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. Melius Research upgraded shares of Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. TD Cowen started coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $250.00 target price on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They issued a “neutral” rating and a $255.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Honeywell Aerospace presently has an average rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Stock Performance

NASDAQ:HONA opened at $164.73 on Monday. The firm has a market capitalization of $52.21 billion and a P/E ratio of 88.09. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month 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 EPS for the quarter. The company had revenue of $4.35 billion during the quarter. As a group, analysts predict that Honeywell Aerospace will post 7.75 earnings per share 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.