Vise Technologies Inc. Makes New Investment in Honeywell Aerospace $HONA

Vise Technologies Inc. purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 13,360 shares of the company’s stock, valued at approximately $2,991,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Meeder Asset Management Inc. bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth about $29,000. Bell Investment Advisors Inc bought a new stake in Honeywell Aerospace in the second quarter valued at about $29,000. Strategic Wealth Advisors LLC bought a new stake in Honeywell Aerospace in the second quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Honeywell Aerospace in the second quarter worth about $41,000. Finally, Gables Capital Management Inc. acquired a new position in Honeywell Aerospace in the second quarter worth about $47,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HONA shares. Wells Fargo & Company set a $195.00 price objective on Honeywell Aerospace in a report on Monday, August 10th. Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. Vertical Research assumed coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They set a “hold” rating and a $243.00 target price for the company. Evercore set a $210.00 price target on Honeywell Aerospace in a research note on Thursday, August 6th. Finally, Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Honeywell Aerospace currently has an average rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Stock Down 0.7%

Shares of HONA stock opened at $164.73 on Friday. 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 $52.21 billion and a P/E ratio of 88.09.

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.

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.