Tocqueville Asset Management L.P. Invests $20.93 Million in Honeywell Aerospace $HONA

Tocqueville Asset Management L.P. bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 93,479 shares of the company’s stock, valued at approximately $20,930,000.

Several other institutional investors have also recently added to or reduced their stakes in HONA. Bell Investment Advisors Inc purchased a new stake in Honeywell Aerospace during the second quarter worth approximately $29,000. Strategic Wealth Advisors LLC acquired a new stake in Honeywell Aerospace during the second quarter worth approximately $29,000. Meeder Asset Management Inc. acquired a new stake in Honeywell Aerospace during the second quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Honeywell Aerospace during the second quarter worth approximately $40,000. Finally, Gables Capital Management Inc. purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter worth approximately $47,000.

Honeywell Aerospace Stock Performance

NASDAQ HONA opened at $170.76 on Thursday. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50. The stock has a market cap of $54.12 billion and a P/E ratio of 91.31.

Honeywell Aerospace (NASDAQ:HONA) last issued its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The company had revenue of $4.35 billion during the quarter. Analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on HONA shares. JPMorgan Chase & Co. assumed coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price on the stock. Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a research report on Sunday, August 9th. Wells Fargo & Company set a $195.00 target price on Honeywell Aerospace in a research report on Monday, August 10th. TD Cowen assumed 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. Finally, BMO Capital Markets cut their price target on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Honeywell Aerospace has a consensus rating of “Hold” and an average price target 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.