Global Retirement Partners LLC Purchases Shares of 5,964 Honeywell Aerospace $HONA

Global Retirement Partners LLC acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,964 shares of the company’s stock, valued at approximately $1,335,000.

Several other institutional investors have also modified their holdings of the stock. SCS Capital Management LLC acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $1,821,000. SFE Investment Counsel acquired a new stake in Honeywell Aerospace during the 2nd quarter worth $2,981,000. Oppenheimer Asset Management Inc. acquired a new stake in Honeywell Aerospace during the 2nd quarter worth $8,809,000. BIP Wealth LLC acquired a new stake in Honeywell Aerospace during the 2nd quarter worth $713,000. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in Honeywell Aerospace in the second quarter valued at $1,572,000.

Honeywell Aerospace Stock Down 2.9%

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 company has a market cap 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 for the quarter. The company had revenue of $4.35 billion during the quarter. On average, equities research analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. BMO Capital Markets decreased their price objective on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Vertical Research initiated coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They set a “hold” rating and a $243.00 target price on the stock. Wells Fargo & Company set a $195.00 target price on Honeywell Aerospace in a report on Monday, August 10th. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. Finally, TD Cowen started coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating and a $250.00 price target on the stock. One equities research 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 stock. According to MarketBeat, the stock 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.