Honeywell Aerospace (NASDAQ:HONA) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Honeywell Aerospace (NASDAQ:HONA – Free Report) from a strong sell rating to a hold rating in a research report released on Monday,Zacks reports.

HONA has been the subject of several other research reports. Evercore set a $210.00 price objective on shares of Honeywell Aerospace in a research note on Thursday, August 6th. Royal Bank Of Canada cut their target price on Honeywell Aerospace from $250.00 to $210.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. UBS Group reduced their price target on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Finally, BMO Capital Markets lowered Honeywell Aerospace from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $213.00 to $181.00 in a research note on Friday, October 30th. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Honeywell Aerospace presently has an average rating of “Hold” and a consensus price target of $196.47.

Read Our Latest Report on HONA

Honeywell Aerospace Stock Down 0.3%

Honeywell Aerospace stock opened at $157.50 on Monday. The business has a 50-day moving average price of $159.78. The company has a market cap of $49.93 billion and a price-to-earnings ratio of 84.22. Honeywell Aerospace has a 12-month low of $149.19 and a 12-month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.31. The firm had revenue of $4.64 billion for the quarter. Equities analysts forecast that Honeywell Aerospace will post 7.93 EPS for the current year.

Honeywell Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HONA. BlackRock Inc. acquired a new stake in Honeywell Aerospace in the 2nd quarter worth about $5,253,341,000. State Street Corp purchased a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $2,945,044,000. Wellington Management Group LLP acquired a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $1,705,882,000. Bank of America Corp DE acquired a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $1,034,187,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Honeywell Aerospace in the second quarter valued at approximately $644,412,000.

Honeywell Aerospace News Summary

Here are the key news stories impacting Honeywell Aerospace this week:

About Honeywell Aerospace

(Get Free Report)

Honeywell Aerospace develops and supplies aerospace technologies for commercial aviation, business and general aviation, defense, and space customers. Its portfolio includes aircraft engines and auxiliary power units, avionics, flight controls, navigation and communication systems, environmental and thermal-management equipment, wheels and brakes, and other propulsion and mechanical systems.

The company also provides aftermarket support, including maintenance, repair and overhaul services, replacement parts, upgrades, technical assistance, and digital solutions designed to improve aircraft performance and operational efficiency.

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Analyst Recommendations for Honeywell Aerospace (NASDAQ:HONA)

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