Pure Financial Advisors LLC Purchases Shares of 10,236 Honeywell Aerospace $HONA

Pure Financial Advisors LLC purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, HoldingsChannel reports. The institutional investor purchased 10,236 shares of the company’s stock, valued at approximately $2,263,000.

Several other hedge funds have also made changes to their positions in the business. Hardy Reed LLC acquired a new position in Honeywell Aerospace in the second quarter valued at $1,151,000. Plan Group Financial LLC acquired a new position in Honeywell Aerospace in the second quarter valued at $270,000. Mill Capital Management LLC acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $419,000. Bryn Mawr Trust Advisors LLC purchased a new stake in Honeywell Aerospace during the second quarter worth approximately $1,301,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Honeywell Aerospace during the 2nd quarter worth $8,809,000.

Honeywell Aerospace Stock Up 2.3%

Shares of HONA opened at $164.01 on Thursday. The company has a market cap of $51.98 billion and a price-to-earnings ratio of 87.71. The firm has a 50-day moving average of $196.77. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. BMO Capital Markets dropped their price objective on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Argus assumed coverage on Honeywell Aerospace in a research report on Thursday, July 9th. They issued a “buy” rating and a $275.00 target price for the company. Evercore set a $210.00 target price on shares of Honeywell Aerospace in a report on Thursday, August 6th. BNP Paribas Exane cut their target price on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. began coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They issued a “neutral” rating and a $255.00 price target on the stock. One research 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.