Shepherd Financial Partners LLC Takes $2.06 Million Position in Honeywell Aerospace $HONA

Shepherd Financial Partners LLC acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,183 shares of the company’s stock, valued at approximately $2,056,000.

A number of other hedge funds have also bought and sold shares of the company. Hardy Reed LLC acquired a new position in Honeywell Aerospace in the second quarter valued at $1,151,000. Plan Group Financial LLC acquired a new stake in Honeywell Aerospace during the 2nd quarter worth about $270,000. Mill Capital Management LLC bought a new position in shares of Honeywell Aerospace in the 2nd quarter worth about $419,000. Bryn Mawr Trust Advisors LLC bought a new position in shares of Honeywell Aerospace in the 2nd quarter worth about $1,301,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $8,809,000.

Honeywell Aerospace Price Performance

Shares of HONA opened at $170.76 on Thursday. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50. The stock has a market capitalization of $54.12 billion and a PE ratio of 91.31.

Honeywell Aerospace (NASDAQ:HONA) last posted its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The firm had revenue of $4.35 billion for the quarter. On average, sell-side analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on HONA shares. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. BMO Capital Markets lowered their target price on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a report on Monday, August 10th. UBS Group dropped their price target on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. TD Cowen began coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $250.00 price target on the stock. Finally, Wells Fargo & Company set a $195.00 price objective on shares of Honeywell Aerospace in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average 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.