Dearborn Partners LLC Makes New $1.34 Million Investment in Honeywell Aerospace $HONA

Dearborn Partners LLC bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,933 shares of the company’s stock, valued at approximately $1,341,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ally Financial Inc. bought a new stake in shares of Honeywell Aerospace in the second quarter worth $774,000. Maxi Investments CY Ltd purchased a new stake in Honeywell Aerospace during the second quarter valued at $2,631,000. Cibc World Market Inc. bought a new position in Honeywell Aerospace in the second quarter valued at about $12,066,000. Blue Whale Capital LLP purchased a new position in Honeywell Aerospace in the second quarter worth about $73,411,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in Honeywell Aerospace in the second quarter worth about $4,964,000.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Vertical Research started coverage on shares of Honeywell Aerospace in a research report on Wednesday, July 1st. They set a “hold” rating and a $243.00 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of Honeywell Aerospace in a report on Friday, July 10th. They issued a “neutral” rating and a $255.00 price objective on the stock. Royal Bank Of Canada cut their target price on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. Argus began coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They set a “buy” rating and a $275.00 target price for the company. Finally, Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Price Performance

NASDAQ:HONA opened at $161.20 on Tuesday. The stock has a market cap of $51.09 billion and a price-to-earnings ratio of 86.20. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last posted its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The company had revenue of $4.35 billion during the quarter. Equities research analysts predict that Honeywell Aerospace will post 7.75 EPS for the current year.

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.