Pure Financial Advisors LLC Takes $2.26 Million Position in Honeywell Aerospace $HONA

Pure Financial Advisors LLC acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,236 shares of the company’s stock, valued at approximately $2,263,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HONA. Bell Investment Advisors Inc purchased a new position in Honeywell Aerospace in the second quarter valued at about $29,000. Strategic Wealth Advisors LLC acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $29,000. Meeder Asset Management Inc. acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Honeywell Aerospace in the 2nd quarter valued at approximately $40,000. Finally, Gables Capital Management Inc. purchased a new position in Honeywell Aerospace in the 2nd quarter valued at approximately $47,000.

Honeywell Aerospace Stock Performance

NASDAQ HONA opened at $164.01 on Thursday. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The business has a fifty day moving average of $196.77. The firm has a market capitalization of $51.98 billion and a PE ratio of 87.71.

Honeywell Aerospace (NASDAQ:HONA) last posted its quarterly earnings data 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. As a group, analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Analysts Set New Price Targets

HONA has been the topic of a number of research analyst reports. TD Cowen initiated coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating and a $250.00 target price on the stock. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. Argus began coverage on shares of Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 price objective on the stock. UBS Group dropped their target price on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Finally, Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock 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.