Tidal Investments LLC Invests $6.33 Million in Honeywell Aerospace $HONA

Tidal Investments LLC acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, HoldingsChannel reports. The firm acquired 28,639 shares of the company’s stock, valued at approximately $6,331,000.

Several other institutional investors and hedge funds have also modified their holdings of HONA. Ameliora Wealth Management Ltd. acquired a new stake in Honeywell Aerospace during the second quarter worth approximately $25,000. Leo H. Evart Inc. purchased a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $26,000. Outlook Capital Management LLC acquired a new position in Honeywell Aerospace in the 2nd quarter valued at $26,000. Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace in the 2nd quarter valued at $29,000. Finally, Bell Investment Advisors Inc purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth $29,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HONA shares. Wolfe Research started coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating on the stock. BMO Capital Markets dropped their target price on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Morgan Stanley upgraded Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price on the stock in a research report on Wednesday, August 19th. TD Cowen started coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 price target on the stock. Finally, Weiss Ratings began coverage on Honeywell Aerospace in a report on Friday. They issued a “sell (d)” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Stock Performance

NASDAQ:HONA opened at $158.26 on Monday. The stock has a market capitalization of $50.16 billion and a P/E ratio of 84.63. The stock’s 50 day moving average is $184.60. Honeywell Aerospace has a fifty-two week low of $149.19 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. As a group, research analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Honeywell Aerospace Profile

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.