Northcape Wealth Management LLC Buys Shares of 5,752 Honeywell Aerospace $HONA

Northcape Wealth Management LLC purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, HoldingsChannel reports. The firm purchased 5,752 shares of the company’s stock, valued at approximately $1,272,000.

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

Honeywell Aerospace Stock Performance

Honeywell Aerospace stock opened at $170.76 on Thursday. The firm has a market cap of $54.12 billion and a P/E ratio of 91.31. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last posted its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The company had revenue of $4.35 billion during the quarter. On average, equities research analysts expect that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HONA has been the topic of a number of research analyst reports. Jefferies Financial Group set a $175.00 price target on shares of Honeywell Aerospace in a research report on Sunday, August 9th. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. Zacks Research raised Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. BMO Capital Markets cut their target price on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. Finally, Vertical Research began coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They set a “hold” rating and a $243.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Honeywell Aerospace presently has a consensus rating of “Hold” and a consensus price target of $224.17.

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.