RFG Advisory LLC Purchases Shares of 8,843 Honeywell Aerospace $HONA

RFG Advisory LLC acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 8,843 shares of the company’s stock, valued at approximately $1,955,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameliora Wealth Management Ltd. acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at about $25,000. Leo H. Evart Inc. acquired a new position in Honeywell Aerospace in the second quarter worth about $26,000. Outlook Capital Management LLC acquired a new position in Honeywell Aerospace in the second quarter worth about $26,000. Bell Investment Advisors Inc bought a new position in Honeywell Aerospace during the second quarter worth about $29,000. Finally, Meeder Asset Management Inc. bought a new position in Honeywell Aerospace during the second quarter worth about $29,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. UBS Group lowered their price objective on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. BNP Paribas Exane cut their target price on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Jefferies Financial Group set a $175.00 price target on Honeywell Aerospace in a research note on Sunday, August 9th. JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a research report on Friday, July 10th. They issued a “neutral” rating and a $255.00 price target on the stock. Finally, Wolfe Research started coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating for the company. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Honeywell Aerospace presently has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Stock Performance

NASDAQ:HONA opened at $153.75 on Friday. The firm has a market capitalization of $48.73 billion and a price-to-earnings ratio of 82.22. Honeywell Aerospace has a 12 month low of $149.19 and a 12 month high of $297.50. The company has a 50-day moving average price of $186.38.

Honeywell Aerospace (NASDAQ:HONA) last posted its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The firm had revenue of $4.35 billion for the quarter. Analysts expect that Honeywell Aerospace will post 7.75 earnings per share 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.