NEOS Investment Management LLC Makes New Investment in Honeywell Aerospace $HONA

NEOS Investment Management LLC purchased a new stake 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 242,499 shares of the company’s stock, valued at approximately $62,082,000. NEOS Investment Management LLC owned 0.08% of Honeywell Aerospace as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HONA. Leo H. Evart Inc. acquired a new position in shares of Honeywell Aerospace in the second quarter valued at approximately $26,000. Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace during the second quarter worth approximately $29,000. Bell Investment Advisors Inc acquired a new stake in Honeywell Aerospace during the 2nd quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Honeywell Aerospace during the second quarter worth approximately $40,000. Finally, Triumph Capital Management bought a new stake in Honeywell Aerospace in the 2nd quarter valued at $43,000.

Honeywell Aerospace Stock Up 1.6%

HONA opened at $154.96 on Friday. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The firm has a market cap of $49.11 billion and a price-to-earnings ratio of 82.87. The stock has a 50-day simple moving average of $191.72.

Honeywell Aerospace (NASDAQ:HONA) last issued 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 for the quarter. Sell-side analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HONA shares. Zacks Research raised Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Morgan Stanley upgraded shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price on the stock in a research report on Wednesday, August 19th. Evercore set a $210.00 price target on Honeywell Aerospace in a report on Thursday, August 6th. BMO Capital Markets reduced their price objective on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Finally, Wolfe Research assumed coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating for the company. One 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 company. According to data from MarketBeat, Honeywell Aerospace has a consensus rating of “Hold” and an average 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.