Tocqueville Asset Management L.P. Makes New Investment in Honeywell Aerospace $HONA

Tocqueville Asset Management L.P. purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 109,114 shares of the company’s stock, valued at approximately $24,123,000.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on HONA. BMO Capital Markets cut their price target on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a report on Monday, August 10th. Morgan Stanley upgraded Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective on the stock in a report on Wednesday. Jefferies Financial Group set a $175.00 price objective on Honeywell Aerospace in a research report on Sunday, August 9th. Wolfe Research initiated coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating for the company. Finally, Royal Bank Of Canada reduced their target price on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. One 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’s stock. Based on data from MarketBeat.com, Honeywell Aerospace presently has a consensus rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Stock Performance

NASDAQ:HONA opened at $170.76 on Thursday. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50. The firm has a market cap of $54.12 billion and a price-to-earnings ratio of 91.31.

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

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.