Tiptree Advisors LLC Purchases Shares of 29,825 Honeywell Aerospace $HONA

Tiptree Advisors LLC purchased a new position in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 29,825 shares of the company’s stock, valued at approximately $6,678,000. Honeywell Aerospace makes up about 4.1% of Tiptree Advisors LLC’s portfolio, making the stock its 11th largest holding.

A number of other large investors have also modified their holdings of the stock. Hardy Reed LLC purchased a new stake in shares of Honeywell Aerospace during the second quarter worth $1,151,000. Plan Group Financial LLC purchased a new position in Honeywell Aerospace in the second quarter valued at $270,000. Mill Capital Management LLC acquired a new position in Honeywell Aerospace during the 2nd quarter worth $419,000. Bryn Mawr Trust Advisors LLC acquired a new position in Honeywell Aerospace during the 2nd quarter worth $1,301,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Honeywell Aerospace during the 2nd quarter worth about $8,809,000.

Honeywell Aerospace Trading Up 2.3%

HONA opened at $164.01 on Thursday. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50. The stock has a market cap of $51.98 billion and a P/E ratio of 87.71. The firm has a 50-day simple moving average of $196.77.

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 business had revenue of $4.35 billion for the quarter. Analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current year.

Analysts Set New Price Targets

HONA has been the topic of a number of analyst reports. BMO Capital Markets reduced their price target on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. Jefferies Financial Group set a $175.00 target price on shares of Honeywell Aerospace in a research note on Sunday, August 9th. BNP Paribas Exane reduced their target price on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Finally, JPMorgan Chase & Co. began 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 analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.