Ironvine Capital Partners LLC Takes $11.14 Million Position in Honeywell Aerospace $HONA

Ironvine Capital Partners LLC purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 43,534 shares of the company’s stock, valued at approximately $11,145,000. Honeywell Aerospace makes up approximately 1.0% of Ironvine Capital Partners LLC’s holdings, making the stock its 27th biggest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Honeywell Aerospace during the 2nd quarter valued at $5,253,341,000. Wellington Management Group LLP bought a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $1,705,882,000. Bank of America Corp DE purchased a new stake in Honeywell Aerospace during the 2nd quarter worth about $1,034,187,000. Bank of New York Mellon Corp bought a new position in Honeywell Aerospace in the 2nd quarter worth about $644,412,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Honeywell Aerospace during the 2nd quarter valued at about $370,544,000.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. TD Cowen initiated coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating and a $250.00 price objective for the company. JPMorgan Chase & Co. started coverage on shares of Honeywell Aerospace in a report on Friday, July 10th. They set a “neutral” rating and a $255.00 target price on the stock. Wells Fargo & Company set a $195.00 target price on shares of Honeywell Aerospace in a research note on Monday, August 10th. Finally, Evercore set a $210.00 price target on shares of Honeywell Aerospace in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Price Performance

Shares of NASDAQ:HONA opened at $154.24 on Wednesday. The stock has a market capitalization of $48.89 billion and a price-to-earnings ratio of 82.48. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50. The stock has a fifty day moving average of $193.40.

Honeywell Aerospace (NASDAQ:HONA) last released its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The firm had revenue of $4.35 billion for the quarter. Equities analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal 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.