Empowered Funds LLC Acquires Shares of 43,101 Honeywell Aerospace $HONA

Empowered Funds LLC acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 43,101 shares of the company’s stock, valued at approximately $9,528,000.

Several other institutional investors have also recently made changes to their positions in the company. Bell Investment Advisors Inc purchased a new stake in Honeywell Aerospace during the second quarter worth $29,000. Strategic Wealth Advisors LLC purchased a new position in Honeywell Aerospace in the second quarter valued at $29,000. Meeder Asset Management Inc. acquired a new position in shares of Honeywell Aerospace in the second quarter worth about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Honeywell Aerospace in the second quarter worth about $40,000. Finally, Gables Capital Management Inc. acquired a new position in shares of Honeywell Aerospace in the second quarter worth about $47,000.

Honeywell Aerospace Price Performance

NASDAQ HONA opened at $162.37 on Friday. The stock’s fifty day moving average is $195.14. The firm has a market capitalization of $51.46 billion and a price-to-earnings ratio of 86.83. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last announced 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, equities research analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. UBS Group reduced their price target on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Jefferies Financial Group set a $175.00 price objective on Honeywell Aerospace in a report on Sunday, August 9th. Wolfe Research began coverage on Honeywell Aerospace in a research report on Monday, June 29th. They issued a “hold” rating for the company. Evercore set a $210.00 target price on Honeywell Aerospace in a research note on Thursday, August 6th. Finally, 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 on the stock. One investment 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, the stock has a consensus rating of “Hold” and an average price target of $224.17.

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.