Syon Capital LLC Takes $1.14 Million Position in Honeywell Aerospace $HONA

Syon Capital LLC purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,157 shares of the company’s stock, valued at approximately $1,140,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Leo H. Evart Inc. acquired a new stake in Honeywell Aerospace in the second quarter valued at $26,000. Bell Investment Advisors Inc acquired a new position in Honeywell Aerospace during the 2nd quarter worth $29,000. Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace during the 2nd quarter worth $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth about $40,000. Finally, Triumph Capital Management bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth about $43,000.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. began coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They set a “neutral” rating and a $255.00 price target on the stock. Wolfe Research assumed coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating for the company. UBS Group cut their price objective on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. BNP Paribas Exane reduced their target price on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Finally, Argus began coverage on Honeywell Aerospace in a research report on Thursday, July 9th. They issued a “buy” rating and a $275.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Trading Up 3.9%

Shares of NASDAQ:HONA opened at $161.01 on Friday. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The firm’s 50-day simple moving average is $191.08. The company has a market cap of $51.03 billion and a P/E ratio of 86.10.

Honeywell Aerospace (NASDAQ:HONA) last issued its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The business had revenue of $4.35 billion during the quarter. As a group, analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Honeywell Aerospace 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.