Pin Oak Investment Advisors Inc. Buys Shares of 7,492 Honeywell Aerospace $HONA

Pin Oak Investment Advisors Inc. acquired a new stake 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 firm acquired 7,492 shares of the company’s stock, valued at approximately $1,677,000.

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on HONA shares. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Morgan Stanley upgraded Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price on the stock in a report on Wednesday, August 19th. Argus initiated coverage on Honeywell Aerospace in a research report on Thursday, July 9th. They set a “buy” rating and a $275.00 price target on the stock. Finally, Royal Bank Of Canada decreased their price target on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Trading Up 1.0%

NASDAQ:HONA opened at $162.37 on Friday. The firm has a 50-day moving average price of $195.14. The stock has a market cap of $51.46 billion and a PE ratio of 86.83. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last announced its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The business had revenue of $4.35 billion for the quarter. On average, analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Honeywell Aerospace 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.