4,345 Shares in Honeywell Aerospace $HONA Purchased by Cullinan Associates Inc.

Cullinan Associates Inc. purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,345 shares of the company’s stock, valued at approximately $973,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bell Investment Advisors Inc purchased a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $29,000. Strategic Wealth Advisors LLC purchased a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $29,000. Meeder Asset Management Inc. bought a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $40,000. Finally, Gables Capital Management Inc. purchased a new stake in Honeywell Aerospace in the second quarter worth $47,000.

Analyst Ratings Changes

Several analysts recently weighed in on HONA shares. Royal Bank Of Canada cut their price target on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. Jefferies Financial Group set a $175.00 target price on shares of Honeywell Aerospace in a research note on Sunday, August 9th. Melius Research upgraded shares of Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. JPMorgan Chase & Co. started coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They issued a “neutral” rating and a $255.00 price target for the company. Finally, TD Cowen began coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating and a $250.00 price objective for the company. 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, Honeywell Aerospace has a consensus rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Trading Up 1.0%

Shares of HONA opened at $162.37 on Friday. The stock has a market capitalization of $51.46 billion and a PE ratio of 86.83. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The business has a 50-day simple moving average of $195.14.

Honeywell Aerospace (NASDAQ:HONA) last released 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, sell-side analysts forecast that Honeywell Aerospace will post 7.75 EPS 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.