Marathon Wealth Advisors LLC Buys Shares of 5,594 Honeywell Aerospace $HONA

Marathon Wealth Advisors LLC bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, HoldingsChannel.com reports. The fund bought 5,594 shares of the company’s stock, valued at approximately $1,237,000.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Evercore set a $210.00 price target on shares of Honeywell Aerospace in a research note on Thursday, August 6th. TD Cowen started coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 target price on the stock. Zacks Research raised shares of Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. UBS Group decreased their price target on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Finally, Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. One 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Stock Performance

Shares of HONA stock traded up $2.48 on Friday, hitting $156.23. The stock had a trading volume of 858,659 shares, compared to its average volume of 3,540,427. Honeywell Aerospace has a one year low of $149.19 and a one year high of $297.50. The business has a 50 day moving average price of $186.38. The company has a market capitalization of $49.52 billion and a P/E ratio of 83.50.

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 for the quarter. On average, research analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Honeywell Aerospace Company 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.