Elevation Point Wealth Partners LLC Makes New Investment in Honeywell Aerospace $HONA

Elevation Point Wealth Partners LLC acquired a new position in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,182 shares of the company’s stock, valued at approximately $2,951,000.

A number of other hedge funds have also made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Honeywell Aerospace during the 2nd quarter valued at $5,253,341,000. Bank of New York Mellon Corp acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at $205,658,000. Deutsche Bank AG purchased a new position in Honeywell Aerospace in the second quarter valued at about $152,933,000. Finally, Madison Asset Management LLC purchased a new position in Honeywell Aerospace in the second quarter valued at about $49,743,000.

Honeywell Aerospace Price Performance

Shares of Honeywell Aerospace stock opened at $164.73 on Friday. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The stock has a market capitalization of $52.21 billion and a P/E ratio of 88.09.

Honeywell Aerospace (NASDAQ:HONA) last released its 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 for the quarter. Equities research analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on HONA. Evercore set a $210.00 price objective on Honeywell Aerospace in a research note on Thursday, August 6th. Vertical Research initiated coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 target price for the company. Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a report on Sunday, August 9th. Wells Fargo & Company set a $195.00 price target on Honeywell Aerospace in a research report on Monday, August 10th. Finally, Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. One equities 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 stock. According to MarketBeat.com, the company presently 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.