HBK Sorce Advisory LLC Invests $981,000 in Honeywell Aerospace $HONA

HBK Sorce Advisory LLC bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,816 shares of the company’s stock, valued at approximately $981,000.

Several other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter worth approximately $644,412,000. CORDA Investment Management LLC. bought a new position in Honeywell Aerospace in the second quarter worth $11,607,000. IMC Chicago LLC acquired a new stake in Honeywell Aerospace during the second quarter worth $10,508,000. Oppenheimer Asset Management Inc. bought a new stake in Honeywell Aerospace in the 2nd quarter valued at $8,809,000. Finally, Flputnam Investment Management Co. acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $4,672,000.

Analysts Set New Price Targets

HONA has been the topic of several recent research reports. Morgan Stanley set a $205.00 target price on shares of Honeywell Aerospace in a research report on Friday, August 7th. BMO Capital Markets decreased their price objective on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. Argus assumed coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 price objective on the stock. Royal Bank Of Canada dropped their target price on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, August 6th. Finally, UBS Group cut their target price on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Price Performance

Shares of HONA stock opened at $166.36 on Monday. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The stock has a market cap of $52.73 billion and a P/E ratio of 88.96.

Honeywell Aerospace (NASDAQ:HONA) last released 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 during the quarter. On average, equities research analysts expect that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

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.