Delta Asset Management LLC TN Invests $21.97 Million in Honeywell Aerospace $HONA

Delta Asset Management LLC TN purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, HoldingsChannel.com reports. The fund purchased 99,383 shares of the company’s stock, valued at approximately $21,970,000. Honeywell Aerospace makes up about 1.9% of Delta Asset Management LLC TN’s investment portfolio, making the stock its 16th biggest position.

Other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in Honeywell Aerospace in the second quarter valued at approximately $5,253,341,000. Wellington Management Group LLP bought a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $1,705,882,000. Bank of America Corp DE acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $1,034,187,000. Bank of New York Mellon Corp acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $644,412,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Honeywell Aerospace in the 2nd quarter worth $377,905,000.

Honeywell Aerospace Price Performance

Shares of Honeywell Aerospace stock opened at $162.37 on Friday. The business’s fifty day simple moving average is $195.14. The firm has a market cap of $51.46 billion and a P/E ratio of 86.83. 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 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 during the quarter. Equities research analysts predict that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Evercore set a $210.00 target price on Honeywell Aerospace in a research report on Thursday, August 6th. TD Cowen initiated coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 price target for the company. Finally, UBS Group cut their price target on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. 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’s stock. According to MarketBeat, Honeywell Aerospace presently 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.