Ieq Capital LLC Takes Position in Honeywell Aerospace $HONA

Ieq Capital LLC bought a new position in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 34,077 shares of the company’s stock, valued at approximately $7,630,000.

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

Honeywell Aerospace Stock Performance

NASDAQ HONA opened at $164.73 on Monday. The firm has a market capitalization of $52.21 billion and a P/E ratio of 88.09. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last issued its quarterly earnings results 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 expect that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on HONA. Royal Bank Of Canada cut their target price on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Evercore set a $210.00 price objective on shares of Honeywell Aerospace in a research report on Thursday, August 6th. BMO Capital Markets cut their price target on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. 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, Morgan Stanley upgraded Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective for the company in a report on Wednesday. One investment 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 stock. Based on data from MarketBeat.com, Honeywell Aerospace presently has a consensus rating of “Hold” and an average 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.