53,361 Shares in Honeywell Aerospace $HONA Bought by Trans Canada Capital Inc.

Trans Canada Capital Inc. bought a new stake in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 53,361 shares of the company’s stock, valued at approximately $13,661,000. Honeywell Aerospace comprises about 0.7% of Trans Canada Capital Inc.’s portfolio, making the stock its 15th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alan B Lancz & Associates Inc. bought a new position in shares of Honeywell Aerospace during the 2nd quarter valued at about $849,000. Washington Trust Advisors Inc. purchased a new position in shares of Honeywell Aerospace during the 2nd quarter valued at about $102,000. Ameritas Advisory Services LLC bought a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $1,328,000. Guardian Wealth Advisors LLC NC bought a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $274,000. Finally, Wedmont Private Capital bought a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $941,000.

Honeywell Aerospace Stock Performance

NASDAQ HONA opened at $161.01 on Monday. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50. The firm has a 50-day moving average of $191.08. The company has a market cap of $51.03 billion and a price-to-earnings ratio of 86.10.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on HONA. Wolfe Research assumed coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating on the stock. Melius Research upgraded shares of Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. TD Cowen assumed coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 price objective for the company. Finally, Vertical Research began coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They set a “hold” rating and a $243.00 target price on the stock. 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 company presently has a consensus rating of “Hold” and a consensus 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.