Ieq Capital LLC Acquires Shares of 34,077 Honeywell Aerospace $HONA

Ieq Capital LLC purchased a new position in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 34,077 shares of the company’s stock, valued at approximately $7,630,000.

Several other institutional investors have also modified their holdings of the stock. Hardy Reed LLC purchased a new stake in shares of Honeywell Aerospace during the second quarter worth about $1,151,000. Plan Group Financial LLC purchased a new position in Honeywell Aerospace in the 2nd quarter valued at about $270,000. Mill Capital Management LLC purchased a new position in Honeywell Aerospace in the 2nd quarter valued at about $419,000. Bryn Mawr Trust Advisors LLC acquired a new stake in Honeywell Aerospace in the 2nd quarter worth about $1,301,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Honeywell Aerospace in the 2nd quarter worth about $8,809,000.

Analyst Ratings Changes

HONA has been the subject of a number of research analyst reports. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. Morgan Stanley raised Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective for the company in a research note on Wednesday. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a report on Friday, July 10th. They issued a “neutral” rating and a $255.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Honeywell Aerospace has a consensus rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Price Performance

HONA stock opened at $164.73 on Monday. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50. The firm has a market cap of $52.21 billion and a price-to-earnings ratio of 88.09.

Honeywell Aerospace (NASDAQ:HONA) last announced its quarterly 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 during the quarter. As a group, equities research analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

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.