Palmer Knight Co Takes $4.92 Million Position in Honeywell Aerospace $HONA

Palmer Knight Co acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 21,996 shares of the company’s stock, valued at approximately $4,925,000. Honeywell Aerospace comprises approximately 1.9% of Palmer Knight Co’s investment portfolio, making the stock its 27th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of HONA. BlackRock Inc. acquired a new position in shares of Honeywell Aerospace during the second quarter worth $5,253,341,000. Bank of New York Mellon Corp acquired a new stake in Honeywell Aerospace in the second quarter valued at $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Honeywell Aerospace during the 2nd quarter worth about $205,658,000. Deutsche Bank AG purchased a new stake in Honeywell Aerospace during the 2nd quarter worth about $152,933,000. Finally, Danica Pension Livsforsikringsaktieselskab acquired a new position in shares of Honeywell Aerospace during the 2nd quarter worth about $21,402,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on HONA shares. UBS Group dropped their price objective on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Morgan Stanley raised Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target for the company in a report on Wednesday. Wells Fargo & Company set a $195.00 price objective on shares of Honeywell Aerospace in a report on Monday, August 10th. Finally, Argus assumed coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They issued a “buy” rating and a $275.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Honeywell Aerospace has an average rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Stock Up 6.2%

Honeywell Aerospace stock opened at $170.76 on Thursday. The stock has a market capitalization of $54.12 billion and a PE ratio of 91.31. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week 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, equities research analysts expect that Honeywell Aerospace will post 7.75 EPS for the current 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.