CORDA Investment Management LLC. Makes New $11.61 Million Investment in Honeywell Aerospace $HONA

CORDA Investment Management LLC. acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, Holdings Channel reports. The firm acquired 51,841 shares of the company’s stock, valued at approximately $11,607,000.

Several other large investors also recently modified their holdings of the stock. Trifecta Capital Advisors LLC acquired a new position in shares of Honeywell Aerospace in the 2nd quarter worth approximately $67,000. Kelleher Financial Advisors acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at $78,000. One Wealth Advisors LLC bought a new stake in Honeywell Aerospace in the second quarter valued at $210,000. Bridgewater Advisors Inc. bought a new stake in Honeywell Aerospace in the second quarter valued at $236,000. Finally, Silverlake Wealth Management LLC bought a new stake in Honeywell Aerospace in the second quarter valued at $252,000.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HONA shares. Jefferies Financial Group set a $175.00 price objective on Honeywell Aerospace in a report on Sunday, August 9th. BNP Paribas Exane lowered 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. 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 target price for the company. Evercore set a $210.00 price target on shares of Honeywell Aerospace in a report on Thursday, August 6th. Finally, Melius Research upgraded shares of Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Honeywell Aerospace has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Price Performance

HONA stock opened at $166.36 on Friday. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The company has a market capitalization of $52.73 billion and a P/E ratio of 88.96.

Honeywell Aerospace (NASDAQ:HONA) last announced its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The firm had revenue of $4.35 billion during the quarter. As a group, sell-side analysts forecast 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.