Palmer Knight Co Makes New $4.92 Million Investment in Honeywell Aerospace $HONA

Palmer Knight Co acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, HoldingsChannel reports. The firm acquired 21,996 shares of the company’s stock, valued at approximately $4,925,000. Honeywell Aerospace accounts for 1.9% of Palmer Knight Co’s holdings, making the stock its 27th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in shares of Honeywell Aerospace during the second quarter worth about $29,000. Bell Investment Advisors Inc purchased a new position in shares of Honeywell Aerospace during the second quarter worth about $29,000. Strategic Wealth Advisors LLC acquired a new position in Honeywell Aerospace in the 2nd quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Honeywell Aerospace in the 2nd quarter valued at about $40,000. Finally, Gables Capital Management Inc. purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at approximately $47,000.

Honeywell Aerospace Trading Up 6.2%

Shares of Honeywell Aerospace stock opened at $170.76 on Thursday. The stock has a market cap of $54.12 billion and a PE ratio of 91.31. Honeywell Aerospace has a 52-week low of $150.03 and a 52-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 EPS for the quarter. The firm had revenue of $4.35 billion during the quarter. Equities analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HONA has been the subject of a number of recent research reports. BNP Paribas Exane decreased their price objective 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. Evercore set a $210.00 target price on Honeywell Aerospace in a report on Thursday, August 6th. UBS Group cut their price target on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Argus assumed coverage on Honeywell Aerospace in a report on Thursday, July 9th. They set a “buy” rating and a $275.00 price target for the company. Finally, Morgan Stanley raised Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target for the company in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $224.17.

About Honeywell Aerospace

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.