Visionary Wealth Advisors Purchases New Position in Honeywell Aerospace $HONA

Visionary Wealth Advisors purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 3,125 shares of the company’s stock, valued at approximately $691,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $29,000. Bell Investment Advisors Inc bought a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $29,000. Strategic Wealth Advisors LLC bought a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $40,000. Finally, Gables Capital Management Inc. purchased a new stake in Honeywell Aerospace in the second quarter worth $47,000.

Honeywell Aerospace Stock Performance

NASDAQ HONA opened at $161.20 on Tuesday. The company has a market cap of $51.09 billion and a P/E ratio of 86.20. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last posted 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 during the quarter. Research analysts predict that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HONA. Royal Bank Of Canada cut their price target on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. BNP Paribas Exane dropped their target price on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. JPMorgan Chase & Co. began coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price for the company. Zacks Research raised shares of Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Finally, Melius Research upgraded shares of Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $224.17.

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.