17,236 Shares in Honeywell Aerospace $HONA Purchased by Covington Investment Advisors Inc.

Covington Investment Advisors Inc. bought a new position in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 17,236 shares of the company’s stock, valued at approximately $3,811,000.

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

Honeywell Aerospace Stock Down 2.6%

NASDAQ:HONA opened at $158.11 on Tuesday. The stock has a 50 day moving average price of $194.29. The company has a market cap of $50.11 billion and a P/E ratio of 84.55. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last issued 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 for the quarter. On average, research analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HONA shares. Evercore set a $210.00 price target on shares of Honeywell Aerospace in a research note on Thursday, August 6th. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. Argus started coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They set a “buy” rating and a $275.00 price objective for the company. Jefferies Financial Group set a $175.00 target price on shares of Honeywell Aerospace in a research report on Sunday, August 9th. Finally, Morgan Stanley upgraded shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price for the company in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.