Sterling Investment Advisors Ltd. Purchases New Position in Honeywell Aerospace $HONA

Sterling Investment Advisors Ltd. acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 8,685 shares of the company’s stock, valued at approximately $1,920,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Ameliora Wealth Management Ltd. acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at about $25,000. Leo H. Evart Inc. acquired a new position in Honeywell Aerospace during the 2nd quarter worth approximately $26,000. Outlook Capital Management LLC purchased a new position in Honeywell Aerospace in the 2nd quarter worth approximately $26,000. Meeder Asset Management Inc. purchased a new position in Honeywell Aerospace in the 2nd quarter worth approximately $29,000. Finally, Bell Investment Advisors Inc acquired a new stake in Honeywell Aerospace in the second quarter valued at approximately $29,000.

Honeywell Aerospace Trading Down 3.5%

HONA opened at $155.42 on Wednesday. The stock’s 50-day simple moving average is $189.76. 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 capitalization of $49.26 billion and a price-to-earnings ratio of 83.11.

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

Wall Street Analyst Weigh In

A number of brokerages have commented on HONA. BMO Capital Markets cut their price objective on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. Evercore set a $210.00 target price on Honeywell Aerospace in a research note on Thursday, August 6th. BNP Paribas Exane dropped their target price on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. TD Cowen assumed coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 price target on the stock. Finally, Royal Bank Of Canada reduced their price target on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, August 6th. 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 MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Company Profile

Honeywell Aerospace is an aerospace technology company that develops and supplies products and systems for commercial aviation, business and general aviation, defense, and space applications. Its portfolio includes aircraft engines, auxiliary power units, avionics, flight controls, navigation and communication systems, propulsion technologies, environmental-control and thermal-management systems, and connected aircraft software.

The company serves aircraft manufacturers, airlines, operators, maintenance providers, and government customers worldwide.