Summit Asset Management LLC Invests $1.09 Million in Honeywell Aerospace $HONA

Summit Asset Management LLC bought a new position 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 fund bought 4,888 shares of the company’s stock, valued at approximately $1,094,000.

Other large investors have also recently bought and sold shares of the company. Trifecta Capital Advisors LLC bought a new stake in Honeywell Aerospace in the 2nd quarter valued at $67,000. Kelleher Financial Advisors bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth about $78,000. One Wealth Advisors LLC bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth about $210,000. Bridgewater Advisors Inc. acquired a new position in shares of Honeywell Aerospace during the second quarter valued at about $236,000. Finally, Next Capital Management LLC acquired a new position in shares of Honeywell Aerospace during the second quarter valued at about $270,000.

Honeywell Aerospace Stock Down 2.0%

Shares of HONA stock opened at $166.36 on Friday. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50. The firm has a market capitalization of $52.73 billion and a price-to-earnings ratio of 88.96.

Honeywell Aerospace (NASDAQ:HONA) last released its quarterly earnings data 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 during the quarter. As a group, equities research analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HONA shares. Argus began coverage on Honeywell Aerospace in a research report on Thursday, July 9th. They set a “buy” rating and a $275.00 target price on the stock. Wells Fargo & Company set a $195.00 price target on shares of Honeywell Aerospace in a research report on Monday, August 10th. Vertical Research began coverage on Honeywell Aerospace in a report on Wednesday, July 1st. They set a “hold” rating and a $243.00 price objective for the company. TD Cowen assumed coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 target price for the company. Finally, Zacks Research raised Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Company 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.