NEOS Investment Management LLC Acquires New Position in Honeywell Aerospace $HONA

NEOS Investment Management LLC acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 242,343 shares of the company’s stock, valued at approximately $53,578,000. NEOS Investment Management LLC owned about 0.08% of Honeywell Aerospace as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Hardy Reed LLC acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $1,151,000. Plan Group Financial LLC bought a new position in shares of Honeywell Aerospace in the 2nd quarter worth $270,000. Mill Capital Management LLC acquired a new stake in shares of Honeywell Aerospace during the second quarter worth $419,000. Bryn Mawr Trust Advisors LLC acquired a new stake in shares of Honeywell Aerospace during the second quarter worth $1,301,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Honeywell Aerospace in the second quarter valued at about $8,809,000.

Analyst Ratings Changes

Several equities analysts have weighed in on HONA shares. JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a research note on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price on the stock. Morgan Stanley upgraded Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price for the company in a research report on Wednesday, August 19th. Argus started coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 price target for the company. UBS Group cut their price target on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Finally, Jefferies Financial Group set a $175.00 price objective on shares of Honeywell Aerospace in a research note on Sunday, August 9th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Stock Performance

Shares of HONA opened at $154.96 on Friday. The company has a market capitalization of $49.11 billion and a price-to-earnings ratio of 82.87. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50. The firm has a 50 day moving average of $191.72.

Honeywell Aerospace (NASDAQ:HONA) last issued its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The company had revenue of $4.35 billion for the quarter. As a group, research analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current 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.