Honeywell Aerospace $HONA Shares Sold by Cypress Asset Management Inc. TX

Cypress Asset Management Inc. TX lessened its stake in Honeywell Aerospace (NASDAQ:HONA) by 49.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,148 shares of the company’s stock after selling 12,096 shares during the quarter. Cypress Asset Management Inc. TX’s holdings in Honeywell Aerospace were worth $2,720,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HONA. Meeder Asset Management Inc. purchased a new stake in Honeywell Aerospace during the second quarter worth about $29,000. Bell Investment Advisors Inc purchased a new position in Honeywell Aerospace in the second quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at approximately $40,000. Trifecta Capital Advisors LLC acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at approximately $67,000. Finally, Kelleher Financial Advisors purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter worth approximately $78,000.

Analyst Ratings Changes

Several equities analysts recently weighed in on HONA shares. Zacks Research raised Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a research report on Sunday, August 9th. JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a report on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price on the stock. Wells Fargo & Company set a $195.00 price target on Honeywell Aerospace in a research report on Monday, August 10th. Finally, Evercore set a $210.00 price target on Honeywell Aerospace in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Honeywell Aerospace has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Price Performance

Shares of HONA stock opened at $160.76 on Wednesday. The stock has a market capitalization of $50.95 billion and a P/E ratio of 85.97. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50.

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 firm had revenue of $4.35 billion for the quarter. On average, analysts expect that Honeywell Aerospace will post 7.75 EPS for the current year.

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.