Somerville Kurt F Takes $736,000 Position in Honeywell Aerospace $HONA

Somerville Kurt F bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 3,288 shares of the company’s stock, valued at approximately $736,000.

Several other institutional investors have also added to or reduced their stakes in HONA. Northcape Wealth Management LLC acquired a new position in Honeywell Aerospace in the 2nd quarter valued at $1,272,000. Edmond DE Rothschild Holding S.A. bought a new position in Honeywell Aerospace during the 2nd quarter worth $4,417,000. Strathmore Capital Advisors Inc. acquired a new stake in shares of Honeywell Aerospace during the second quarter worth $388,000. United Bank acquired a new stake in shares of Honeywell Aerospace during the second quarter worth $368,000. Finally, Madison Asset Management LLC bought a new stake in shares of Honeywell Aerospace in the second quarter valued at about $49,743,000.

Honeywell Aerospace Price Performance

HONA stock opened at $165.89 on Friday. The stock has a market capitalization of $52.58 billion and a P/E ratio of 88.71. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last announced its quarterly earnings data 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, sell-side analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HONA has been the subject of several analyst reports. Jefferies Financial Group set a $175.00 price objective on shares of Honeywell Aerospace in a research note on Sunday, August 9th. BNP Paribas Exane lowered their target price on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. BMO Capital Markets dropped their price target on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Finally, Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $224.17.

Key Stories Impacting Honeywell Aerospace

Here are the key news stories impacting Honeywell Aerospace this week:

• Positive Sentiment: Morgan Stanley upgraded Honeywell Aerospace to Overweight from Equal-weight and maintained a $205 price target. Analyst Kristine Liwag argued that the recent selloff created an attractive entry point, implying substantial upside from current levels. Honeywell Aerospace Stock Upgraded to Overweight Following Sell-Off
• Positive Sentiment: Multiple reports highlighted Morgan Stanley’s view that Honeywell Aerospace had become “too cheap to ignore.” The upgrade helped drive a sharp rebound in the stock during the prior session and may support investor confidence in the company’s long-term earnings outlook. Honeywell Aerospace is now too cheap to ignore, says Morgan Stanley
• Neutral Sentiment: Analyst coverage remains mixed, suggesting that Morgan Stanley’s bullish stance is not universally shared. Investors are likely balancing the $205 price target against valuation concerns, recent volatility, and uncertainty in the broader market. Honeywell Aerospace Sees Mixed Analyst Views
• Neutral Sentiment: Broader market conditions were also unfavorable, with rising yields and geopolitical concerns weighing on equities. Those macroeconomic pressures could limit the immediate benefit of the Morgan Stanley upgrade. Top Wall Street Analyst Research Calls
• Negative Sentiment: Law firm Bragar Eagel & Squire announced an investigation into Honeywell Aerospace on behalf of shareholders who suffered losses. Although the announcement does not establish wrongdoing, litigation-related headlines can increase uncertainty and weigh on the stock. Honeywell Aerospace Stockholder Alert

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.