TD Waterhouse Canada Inc. Invests $25.85 Million in Honeywell Aerospace $HONA

TD Waterhouse Canada Inc. bought a new stake in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 113,979 shares of the company’s stock, valued at approximately $25,848,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Syntax Research Inc. acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at about $45,000. Premier Path Wealth Partners LLC acquired a new position in Honeywell Aerospace during the second quarter worth approximately $652,000. Barlow Wealth Partners LLC acquired a new position in Honeywell Aerospace during the second quarter worth approximately $363,000. United Community Bank bought a new stake in Honeywell Aerospace in the second quarter valued at approximately $146,000. Finally, Werlinich Asset Management LLC bought a new stake in Honeywell Aerospace in the second quarter valued at approximately $1,478,000.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HONA shares. BMO Capital Markets reduced their target price on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. BNP Paribas Exane cut their price target on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Vertical Research started coverage on shares of Honeywell Aerospace in a research report on Wednesday, July 1st. They set a “hold” rating and a $243.00 price objective for the company. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Finally, Royal Bank Of Canada dropped their price objective on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Price Performance

Shares of NASDAQ:HONA opened at $161.01 on Friday. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50. The company has a market capitalization of $51.03 billion and a PE ratio of 86.10. The company has a 50 day moving average price of $191.08.

Honeywell Aerospace (NASDAQ:HONA) last issued 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 during the quarter. As a group, sell-side analysts predict that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

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.