Kingsview Wealth Management LLC Makes New Investment in Honeywell Aerospace $HONA

Kingsview Wealth Management LLC bought a new position in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,860 shares of the company’s stock, valued at approximately $3,327,000.

A number of other large investors have also modified their holdings of the stock. Grandfield & Dodd LLC acquired a new position in shares of Honeywell Aerospace during the second quarter worth $759,000. SCS Capital Management LLC acquired a new stake in Honeywell Aerospace during the 2nd quarter valued at $1,821,000. SFE Investment Counsel acquired a new stake in Honeywell Aerospace during the 2nd quarter valued at $2,981,000. MidFirst Bank purchased a new stake in Honeywell Aerospace during the 2nd quarter worth $5,608,000. Finally, IMC Chicago LLC purchased a new stake in Honeywell Aerospace during the 2nd quarter worth $10,508,000.

Analysts Set New Price Targets

HONA has been the subject of a number of analyst reports. JPMorgan Chase & Co. started coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They issued a “neutral” rating and a $255.00 price objective for the company. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. BMO Capital Markets cut their price target on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Evercore set a $210.00 price target on Honeywell Aerospace in a report on Thursday, August 6th. Finally, TD Cowen started coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating and a $250.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Stock Up 1.0%

NASDAQ HONA opened at $162.37 on Friday. The company has a market cap of $51.46 billion and a P/E ratio of 86.83. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50. The company’s fifty day moving average is $195.14.

Honeywell Aerospace (NASDAQ:HONA) last released its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The company had revenue of $4.35 billion during the quarter. As a group, research analysts predict 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.