58,328 Shares in Honeywell Aerospace $HONA Bought by Waverly Advisors LLC

Waverly Advisors LLC acquired a new position in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 58,328 shares of the company’s stock, valued at approximately $12,895,000.

Other institutional investors have also bought and sold shares of the company. Ameliora Wealth Management Ltd. acquired a new stake in Honeywell Aerospace in the second quarter worth $25,000. Leo H. Evart Inc. purchased a new stake in shares of Honeywell Aerospace in the second quarter worth approximately $26,000. Outlook Capital Management LLC bought a new position in Honeywell Aerospace during the 2nd quarter valued at $26,000. Meeder Asset Management Inc. bought a new position in shares of Honeywell Aerospace during the second quarter valued at about $29,000. Finally, Bell Investment Advisors Inc purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth approximately $29,000.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HONA. Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. Argus initiated coverage on Honeywell Aerospace in a report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price target for the company. Zacks Research raised shares of Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Royal Bank Of Canada decreased their target price on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Finally, Vertical Research initiated coverage on shares of Honeywell Aerospace in a research report on Wednesday, July 1st. They set a “hold” rating and a $243.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Trading Down 2.5%

Shares of HONA opened at $151.58 on Thursday. The stock has a market capitalization of $48.04 billion and a PE ratio of 81.06. The business has a 50-day simple moving average of $188.25. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last announced its quarterly earnings data 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 forecast that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

About Honeywell Aerospace

Honeywell Aerospace is an aerospace technology company that develops and supplies systems, components and services for commercial aviation, business and general aviation, defense and space markets. Its portfolio includes aircraft engines, auxiliary power units, avionics, flight controls, navigation and communication systems, thermal management equipment, wheels and brakes, and other propulsion and safety technologies.

The company serves aircraft manufacturers, airlines, business aviation operators, military customers and aftermarket service providers around the world.