Kingsview Wealth Management LLC Acquires New Position in Honeywell Aerospace $HONA

Kingsview Wealth Management LLC bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 14,976 shares of the company’s stock, valued at approximately $3,311,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Hardy Reed LLC acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $1,151,000. Plan Group Financial LLC acquired a new stake in Honeywell Aerospace during the 2nd quarter worth about $270,000. Mill Capital Management LLC acquired a new stake in Honeywell Aerospace during the 2nd quarter worth about $419,000. Bryn Mawr Trust Advisors LLC purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at about $1,301,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at about $8,809,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. BMO Capital Markets decreased their target price on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a report on Monday, August 10th. Jefferies Financial Group set a $175.00 price objective on shares of Honeywell Aerospace in a research note on Sunday, August 9th. Wolfe Research started coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating on the stock. Argus assumed coverage on shares of Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 price objective on the stock. Finally, Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Trading Up 1.0%

Shares of NASDAQ HONA opened at $162.37 on Friday. The firm has a 50-day moving average of $195.14. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50. The firm has a market capitalization of $51.46 billion and a price-to-earnings ratio of 86.83.

Honeywell Aerospace (NASDAQ:HONA) last released 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 for the quarter. Equities analysts expect that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

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.