HBK Sorce Advisory LLC Purchases Shares of 4,652 Honeywell Aerospace $HONA

HBK Sorce Advisory LLC acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,652 shares of the company’s stock, valued at approximately $1,154,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth $644,412,000. CORDA Investment Management LLC. acquired a new position in Honeywell Aerospace in the second quarter valued at $11,607,000. IMC Chicago LLC purchased a new stake in Honeywell Aerospace during the second quarter valued at about $10,508,000. Oppenheimer Asset Management Inc. purchased a new stake in Honeywell Aerospace during the second quarter valued at about $8,809,000. Finally, Flputnam Investment Management Co. acquired a new stake in Honeywell Aerospace during the second quarter worth about $4,672,000.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HONA. Wolfe Research assumed coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating on the stock. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. BMO Capital Markets decreased their target price on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a report on Monday, August 10th. Royal Bank Of Canada dropped their target price on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. Finally, TD Cowen initiated coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating and a $250.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Honeywell Aerospace currently has a consensus rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Price Performance

NASDAQ HONA opened at $166.36 on Monday. The company has a market capitalization of $52.73 billion and a price-to-earnings ratio of 88.96. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last posted its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The firm had revenue of $4.35 billion for the quarter. As a group, sell-side analysts forecast that Honeywell Aerospace will post 7.75 earnings per share 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.