Sanctuary Advisors LLC Makes New $16.32 Million Investment in Honeywell Aerospace $HONA

Sanctuary Advisors LLC purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 72,897 shares of the company’s stock, valued at approximately $16,322,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Honeywell Aerospace during the 2nd quarter worth $5,253,341,000. Bank of New York Mellon Corp acquired a new stake in Honeywell Aerospace in the second quarter worth about $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Honeywell Aerospace during the second quarter worth about $205,658,000. Deutsche Bank AG acquired a new position in shares of Honeywell Aerospace during the second quarter valued at about $152,933,000. Finally, Haverford Trust Co purchased a new position in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $98,787,000.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on HONA shares. Jefferies Financial Group set a $175.00 target price on shares of Honeywell Aerospace in a research report on Sunday, August 9th. TD Cowen initiated coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $250.00 price objective on the stock. Royal Bank Of Canada cut their target price on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. Finally, Zacks Research raised Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. One equities 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Stock Performance

Shares of NASDAQ:HONA opened at $164.73 on Monday. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50. The company has a market capitalization of $52.21 billion and a P/E ratio of 88.09.

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