Honeywell Aerospace $HONA Shares Sold by Cypress Asset Management Inc. TX

Cypress Asset Management Inc. TX reduced its holdings in Honeywell Aerospace (NASDAQ:HONA) by 49.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 12,148 shares of the company’s stock after selling 12,096 shares during the quarter. Cypress Asset Management Inc. TX’s holdings in Honeywell Aerospace were worth $2,720,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Bell Investment Advisors Inc acquired a new stake in Honeywell Aerospace in the 2nd quarter worth about $29,000. Meeder Asset Management Inc. acquired a new position in shares of Honeywell Aerospace during the 2nd quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Honeywell Aerospace during the 2nd quarter valued at about $40,000. Trifecta Capital Advisors LLC acquired a new position in shares of Honeywell Aerospace during the 2nd quarter valued at about $67,000. Finally, Kelleher Financial Advisors purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth about $78,000.

Honeywell Aerospace Stock Down 0.5%

HONA opened at $160.76 on Wednesday. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50. The company has a market cap of $50.95 billion and a price-to-earnings ratio of 85.97.

Honeywell Aerospace (NASDAQ:HONA) last issued its 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. On average, research analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

HONA has been the topic of several research analyst reports. Argus assumed coverage on shares of Honeywell Aerospace in a research report on Thursday, July 9th. They issued a “buy” rating and a $275.00 target price on the stock. Zacks Research raised shares of Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. Morgan Stanley set a $205.00 price objective on shares of Honeywell Aerospace in a research note on Friday, August 7th. Finally, Evercore set a $210.00 price objective on Honeywell Aerospace in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $224.17.

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.