Perigon Wealth Management LLC Takes Position in Honeywell Aerospace $HONA

Perigon Wealth Management LLC purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, Holdings Channel reports. The fund purchased 13,458 shares of the company’s stock, valued at approximately $2,975,000.

A number of other institutional investors have also added to or reduced their stakes in HONA. Bank of New York Mellon Corp bought a new position in Honeywell Aerospace in the 2nd quarter valued at approximately $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $205,658,000. Trust Co. of Vermont bought a new stake in Honeywell Aerospace during the 2nd quarter worth $20,428,000. CORDA Investment Management LLC. bought a new stake in Honeywell Aerospace during the 2nd quarter worth $11,607,000. Finally, IMC Chicago LLC bought a new position in Honeywell Aerospace in the second quarter valued at about $10,508,000.

Honeywell Aerospace Price Performance

HONA stock opened at $161.56 on Tuesday. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50. The stock has a market capitalization of $51.21 billion and a PE ratio of 86.40.

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wells Fargo & Company set a $195.00 price objective on Honeywell Aerospace in a research note on Monday, August 10th. UBS Group decreased their price target on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Morgan Stanley set a $205.00 price target on shares of Honeywell Aerospace in a research note on Friday, August 7th. Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. Finally, BNP Paribas Exane lowered 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. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Company 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.