40,892 Shares in Honeywell Aerospace $HONA Bought by NS Partners Ltd

NS Partners Ltd bought a new stake in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 40,892 shares of the company’s stock, valued at approximately $9,040,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HONA. Bell Investment Advisors Inc bought a new position in shares of Honeywell Aerospace in the second quarter valued at $29,000. Strategic Wealth Advisors LLC bought a new position in Honeywell Aerospace in the 2nd quarter valued at about $29,000. Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace during the 2nd quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $40,000. Finally, Gables Capital Management Inc. bought a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $47,000.

Honeywell Aerospace Trading Down 2.6%

Shares of HONA stock opened at $158.11 on Tuesday. The company has a market capitalization of $50.11 billion and a price-to-earnings ratio of 84.55. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50. The stock has a 50-day moving average of $194.29.

Honeywell Aerospace (NASDAQ:HONA) last released its 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. As a group, analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Evercore set a $210.00 target price on Honeywell Aerospace in a report on Thursday, August 6th. 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 shares of Honeywell Aerospace in a research note on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price for the company. BMO Capital Markets lowered their target price on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a report on Monday, August 10th. Finally, Melius Research upgraded shares of Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $224.17.

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.