NewEdge Wealth LLC Makes New Investment in Honeywell Aerospace $HONA

NewEdge Wealth LLC bought a new position in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 20,974 shares of the company’s stock, valued at approximately $4,696,000.

Other large investors have also recently made changes to their positions in the company. Bell Investment Advisors Inc purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at about $29,000. Strategic Wealth Advisors LLC purchased a new position in Honeywell Aerospace in the second quarter worth about $29,000. Meeder Asset Management Inc. bought a new stake in Honeywell Aerospace during the second quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Honeywell Aerospace during the second quarter worth approximately $40,000. Finally, Gables Capital Management Inc. purchased a new stake in Honeywell Aerospace during the second quarter valued at approximately $47,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HONA shares. TD Cowen assumed coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating and a $250.00 target price for the company. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. Morgan Stanley upgraded Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target for the company in a research report on Wednesday. Argus initiated 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. Finally, Royal Bank Of Canada reduced their target price on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Stock Up 6.2%

HONA stock opened at $170.76 on Thursday. The stock has a market capitalization of $54.12 billion and a P/E ratio of 91.31. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last issued its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The business had revenue of $4.35 billion for the quarter. On average, sell-side analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

About Honeywell Aerospace

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.