Main Street Financial Solutions LLC Sells 6,903 Shares of Honeywell Aerospace $HONA

Main Street Financial Solutions LLC lessened its holdings in Honeywell Aerospace (NASDAQ:HONA) by 76.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,176 shares of the company’s stock after selling 6,903 shares during the period. Main Street Financial Solutions LLC’s holdings in Honeywell Aerospace were worth $487,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Honeywell Aerospace during the second quarter valued at approximately $5,253,341,000. Bank of New York Mellon Corp purchased a new stake in Honeywell Aerospace during the second quarter worth $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Honeywell Aerospace during the 2nd quarter valued at $205,658,000. Deutsche Bank AG bought a new stake in Honeywell Aerospace during the 2nd quarter valued at $152,933,000. Finally, Trust Co. of Vermont purchased a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $20,428,000.

Honeywell Aerospace Stock Performance

Shares of HONA stock opened at $160.76 on Wednesday. The firm has a market cap of $50.95 billion and a PE ratio of 85.97. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month 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 for the quarter. The business had revenue of $4.35 billion during the quarter. On average, analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HONA shares. Jefferies Financial Group set a $175.00 price target on Honeywell Aerospace in a research report on Sunday, August 9th. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. JPMorgan Chase & Co. initiated coverage on Honeywell Aerospace in a research note on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price on the stock. Vertical Research initiated coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 target price for the company. Finally, 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 target for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $224.17.

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.