Compass Wealth Management LLC Invests $799,000 in Honeywell Aerospace $HONA

Compass Wealth Management LLC purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,614 shares of the company’s stock, valued at approximately $799,000.

Several other institutional investors also recently modified their holdings of HONA. Meeder Asset Management Inc. bought a new stake in Honeywell Aerospace in the 2nd quarter worth about $29,000. Bell Investment Advisors Inc purchased a new position in Honeywell Aerospace in the 2nd quarter worth about $29,000. Strategic Wealth Advisors LLC bought a new position in Honeywell Aerospace during the 2nd quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Honeywell Aerospace during the 2nd quarter valued at about $40,000. Finally, Gables Capital Management Inc. purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at about $47,000.

Honeywell Aerospace Trading Down 0.5%

NASDAQ HONA opened at $160.76 on Wednesday. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50. The company has a market cap of $50.95 billion and a price-to-earnings ratio of 85.97.

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

Wall Street Analysts Forecast Growth

HONA has been the subject of a number of research analyst reports. BMO Capital Markets reduced their price target on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Argus started coverage on shares of Honeywell Aerospace in a research report on Thursday, July 9th. They set a “buy” rating and a $275.00 price objective on the stock. Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. Finally, Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Honeywell Aerospace currently has an average rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Company 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.