Vise Technologies Inc. Makes New $2.95 Million Investment in Honeywell Aerospace $HONA

Vise Technologies Inc. bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, Holdings Channel.com reports. The fund bought 13,340 shares of the company’s stock, valued at approximately $2,949,000.

A number of other hedge funds have also modified their holdings of the business. Meeder Asset Management Inc. purchased a new position in shares of Honeywell Aerospace in the second quarter worth about $29,000. Bell Investment Advisors Inc acquired a new position in Honeywell Aerospace during the second quarter worth about $29,000. Strategic Wealth Advisors LLC purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at about $41,000. Finally, Gables Capital Management Inc. acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at about $47,000.

Honeywell Aerospace Price Performance

Shares of NASDAQ:HONA opened at $164.73 on Friday. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The stock has a market cap of $52.21 billion and a P/E ratio of 88.09.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HONA shares. Morgan Stanley raised shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price on the stock in a research note on Wednesday. Jefferies Financial Group set a $175.00 price target on Honeywell Aerospace in a research report on Sunday, August 9th. Evercore set a $210.00 price target on Honeywell Aerospace in a report on Thursday, August 6th. JPMorgan Chase & Co. initiated coverage on Honeywell Aerospace in a research report on Friday, July 10th. They set a “neutral” rating and a $255.00 price objective on the stock. Finally, Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target 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.