Visionary Wealth Advisors Purchases New Stake in Honeywell Aerospace $HONA

Visionary Wealth Advisors purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,128 shares of the company’s stock, valued at approximately $700,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HONA. Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace during the second quarter worth $29,000. Bell Investment Advisors Inc acquired a new position in shares of Honeywell Aerospace during the second quarter valued at about $29,000. Strategic Wealth Advisors LLC acquired a new position in shares of Honeywell Aerospace during the second quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Honeywell Aerospace during the second quarter worth about $40,000. Finally, Gables Capital Management Inc. bought a new stake in shares of Honeywell Aerospace during the second quarter worth about $47,000.

Honeywell Aerospace Stock Down 2.1%

Shares of Honeywell Aerospace stock opened at $161.20 on Tuesday. The firm has a market cap of $51.09 billion and a PE ratio of 86.20. 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 quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The company had revenue of $4.35 billion during the quarter. Equities analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HONA has been the topic of several recent research reports. TD Cowen assumed coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They issued a “hold” rating and a $250.00 price target on the stock. BMO Capital Markets decreased their price objective on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a report on Monday, August 10th. Wells Fargo & Company set a $195.00 price objective on Honeywell Aerospace in a research note on Monday, August 10th. JPMorgan Chase & Co. started coverage on Honeywell Aerospace in a report on Friday, July 10th. They set a “neutral” rating and a $255.00 price target for the company. Finally, Morgan Stanley raised 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, August 19th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Honeywell Aerospace has a consensus 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.