NewEdge Advisors LLC Makes New $42.07 Million Investment in Honeywell Aerospace $HONA

NewEdge Advisors LLC bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, Holdings Channel reports. The fund bought 190,322 shares of the company’s stock, valued at approximately $42,074,000.

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

Honeywell Aerospace Trading Down 2.5%

Shares of HONA opened at $151.58 on Thursday. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The firm has a market capitalization of $48.04 billion and a PE ratio of 81.06. The business’s 50-day simple moving average is $188.25.

Honeywell Aerospace (NASDAQ:HONA) last released 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 during the quarter. Research analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HONA has been the subject of a number of research reports. BMO Capital Markets reduced their price target on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. 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 objective for the company. Zacks Research raised Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Wolfe Research started coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating on the stock. Finally, UBS Group lowered their target price on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Profile

Honeywell Aerospace is an aerospace technology company that develops and supplies systems, components and services for commercial aviation, business and general aviation, defense and space markets. Its portfolio includes aircraft engines, auxiliary power units, avionics, flight controls, navigation and communication systems, thermal management equipment, wheels and brakes, and other propulsion and safety technologies.

The company serves aircraft manufacturers, airlines, business aviation operators, military customers and aftermarket service providers around the world.