Persistent Asset Partners Ltd Makes New $3.46 Million Investment in Honeywell Aerospace $HONA

Persistent Asset Partners Ltd purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, HoldingsChannel reports. The fund purchased 15,450 shares of the company’s stock, valued at approximately $3,459,000. Honeywell Aerospace comprises 1.0% of Persistent Asset Partners Ltd’s holdings, making the stock its 19th largest holding.

Other large investors have also made changes to their positions in the company. Bell Investment Advisors Inc bought a new position in shares of Honeywell Aerospace in the second quarter worth about $29,000. Trifecta Capital Advisors LLC purchased a new stake in shares of Honeywell Aerospace during the second quarter worth about $67,000. Kelleher Financial Advisors bought a new stake in Honeywell Aerospace during the 2nd quarter valued at approximately $78,000. J.Safra Asset Management Corp bought a new stake in Honeywell Aerospace during the 2nd quarter valued at approximately $124,000. Finally, One Wealth Advisors LLC purchased a new position in Honeywell Aerospace in the 2nd quarter worth approximately $210,000.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HONA. 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. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Morgan Stanley set a $205.00 price objective on Honeywell Aerospace in a research note on Friday, August 7th. Finally, Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Price Performance

Shares of NASDAQ:HONA opened at $161.56 on Tuesday. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50. The firm has a market capitalization of $51.21 billion and a price-to-earnings ratio of 86.40.

Honeywell Aerospace (NASDAQ:HONA) last announced its earnings results 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 for the quarter. As a group, research analysts expect 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.