Oakmont Investment Advisors Inc. Makes New Investment in Honeywell Aerospace $HONA

Oakmont Investment Advisors Inc. acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,639 shares of the company’s stock, valued at approximately $1,188,000.

Other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in Honeywell Aerospace during the second quarter worth $5,253,341,000. Wellington Management Group LLP acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $1,705,882,000. Bank of America Corp DE acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $1,034,187,000. Bank of New York Mellon Corp bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth about $644,412,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth about $370,544,000.

Analyst Ratings Changes

A number of research firms recently weighed in on HONA. UBS Group lowered their target price on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Royal Bank Of Canada cut their price target on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, August 6th. Zacks Research raised Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Vertical Research started coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price objective on the stock. Finally, BMO Capital Markets dropped their target price on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Price Performance

Shares of NASDAQ:HONA opened at $161.01 on Friday. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50. The firm has a fifty day moving average price of $191.08. The firm has a market cap of $51.03 billion and a P/E ratio of 86.10.

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

About Honeywell Aerospace

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.