OneDigital Investment Advisors LLC Makes New Investment in Honeywell Aerospace $HONA

OneDigital Investment Advisors LLC purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,066 shares of the company’s stock, valued at approximately $1,341,000.

Other hedge funds have also modified their holdings of the company. Bell Investment Advisors Inc purchased a new stake in shares of Honeywell Aerospace in the second quarter worth $29,000. Trifecta Capital Advisors LLC purchased a new position in shares of Honeywell Aerospace during the 2nd quarter valued at $67,000. Kelleher Financial Advisors purchased a new position in shares of Honeywell Aerospace during the 2nd quarter valued at $78,000. J.Safra Asset Management Corp purchased a new position in shares of Honeywell Aerospace during the 2nd quarter valued at $124,000. Finally, One Wealth Advisors LLC bought a new position in Honeywell Aerospace in the 2nd quarter worth $210,000.

Honeywell Aerospace Stock Down 2.9%

HONA stock opened at $161.56 on Tuesday. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The firm has a market capitalization of $51.21 billion and a P/E ratio of 86.40.

Honeywell Aerospace (NASDAQ:HONA) last released its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The business had revenue of $4.35 billion for the quarter. Analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. UBS Group cut their price target on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Morgan Stanley set a $205.00 price objective on Honeywell Aerospace in a research note on Friday, August 7th. JPMorgan Chase & Co. initiated coverage on Honeywell Aerospace in a research report on Friday, July 10th. They set a “neutral” rating and a $255.00 target price for the company. Zacks Research raised Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Finally, Wolfe Research began coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating on the stock. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.