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

Northcape Wealth Management LLC bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,752 shares of the company’s stock, valued at approximately $1,272,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $5,253,341,000. Bank of New York Mellon Corp bought a new stake in Honeywell Aerospace during the 2nd quarter worth $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Honeywell Aerospace during the 2nd quarter worth $205,658,000. Deutsche Bank AG bought a new stake in Honeywell Aerospace during the 2nd quarter worth $152,933,000. Finally, Madison Asset Management LLC acquired a new position in Honeywell Aerospace in the 2nd quarter worth about $49,743,000.

Honeywell Aerospace Price Performance

NASDAQ HONA opened at $170.76 on Thursday. The firm has a market capitalization of $54.12 billion and a P/E ratio of 91.31. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last announced its 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 for the quarter. On average, sell-side analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on HONA shares. Wolfe Research started coverage on Honeywell Aerospace in a research report on Monday, June 29th. They issued a “hold” rating for the company. JPMorgan Chase & Co. initiated coverage on Honeywell Aerospace in a report on Friday, July 10th. They set a “neutral” rating and a $255.00 price target on the stock. Vertical Research assumed coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price objective for the company. Argus started coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price objective for the company. Finally, BMO Capital Markets dropped their price objective on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Honeywell Aerospace presently has an average 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.