Marathon Wealth Advisors LLC Takes $1.24 Million Position in Honeywell Aerospace $HONA

Marathon Wealth Advisors LLC bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,594 shares of the company’s stock, valued at approximately $1,237,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. California State Teachers Retirement System bought a new position in shares of Honeywell Aerospace during the 2nd quarter valued at about $24,053,526,000. BlackRock Inc. bought a new position in Honeywell Aerospace during the second quarter valued at approximately $5,253,341,000. Wellington Management Group LLP purchased a new position in Honeywell Aerospace during the 2nd quarter valued at approximately $1,705,882,000. Bank of America Corp DE purchased a new position in Honeywell Aerospace during the 2nd quarter valued at approximately $1,034,187,000. Finally, Bank of New York Mellon Corp bought a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $644,412,000.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HONA shares. 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 for the company. BMO Capital Markets lowered their price objective 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. Evercore set a $210.00 price objective on shares of Honeywell Aerospace in a research note on Thursday, August 6th. JPMorgan Chase & Co. began coverage on shares of Honeywell Aerospace in a report on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price on the stock. Finally, Vertical Research initiated coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Honeywell Aerospace presently has an average rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Price Performance

NASDAQ:HONA traded up $2.48 during midday trading on Friday, hitting $156.23. 858,659 shares of the company traded hands, compared to its average volume of 3,540,427. The firm has a fifty day moving average price of $186.38. Honeywell Aerospace has a 12-month low of $149.19 and a 12-month high of $297.50. The stock has a market cap of $49.52 billion and a price-to-earnings ratio of 83.50.

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 firm had revenue of $4.35 billion for the quarter. On average, analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Honeywell Aerospace Profile

Honeywell Aerospace is an aerospace technology company that develops and supplies systems, components and services for commercial aviation, business and general aviation, defense and space markets. Its portfolio includes aircraft engines, auxiliary power units, avionics, flight controls, navigation and communication systems, thermal management equipment, wheels and brakes, and other propulsion and safety technologies.

The company serves aircraft manufacturers, airlines, business aviation operators, military customers and aftermarket service providers around the world.