6,993 Shares in Honeywell Aerospace $HONA Purchased by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 6,993 shares of the company’s stock, valued at approximately $1,546,000.

Other hedge funds have also added to or reduced their stakes in the company. ABN AMRO Bank N.V. purchased a new position in shares of Honeywell Aerospace during the second quarter worth approximately $401,000. Summit Asset Management LLC purchased a new position in Honeywell Aerospace during the 2nd quarter worth $1,081,000. S&CO Inc. purchased a new position in Honeywell Aerospace during the 2nd quarter worth $623,000. Helios Capital Management PTE. Ltd. bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth $553,000. Finally, Kelleher Financial Advisors purchased a new position in shares of Honeywell Aerospace during the second quarter valued at $78,000.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. TD Cowen started coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating and a $250.00 target price on the stock. UBS Group lowered 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 report on Thursday, August 6th. Vertical Research assumed coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They set a “hold” rating and a $243.00 price objective on the stock. Finally, Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a report on Sunday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Price Performance

Shares of NASDAQ HONA opened at $166.36 on Friday. The firm has a market cap of $52.73 billion and a PE ratio of 88.96. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50.

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

Honeywell Aerospace Company 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.