Wedmont Private Capital Makes New $1.01 Million Investment in Honeywell Aerospace $HONA

Wedmont Private Capital bought a new stake in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,582 shares of the company’s stock, valued at approximately $1,011,000.

Several other hedge funds and other institutional investors have also made changes to their positions in HONA. Kintra Wealth LLC purchased a new position in Honeywell Aerospace during the second quarter worth about $450,000. Operose Advisors LLC acquired a new stake in Honeywell Aerospace in the second quarter valued at about $127,000. Ameliora Wealth Management Ltd. purchased a new stake in Honeywell Aerospace in the 2nd quarter valued at approximately $25,000. Troluce Capital Advisors LLC purchased a new stake in Honeywell Aerospace in the 2nd quarter valued at approximately $4,275,000. Finally, Nilsine Partners LLC acquired a new position in Honeywell Aerospace during the 2nd quarter worth approximately $680,000.

Honeywell Aerospace Stock Performance

Shares of Honeywell Aerospace stock opened at $155.42 on Wednesday. The firm has a 50-day moving average of $189.76. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The stock has a market capitalization of $49.26 billion and a PE ratio of 83.11.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on HONA. Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. Argus initiated coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 price target on the stock. Wells Fargo & Company set a $195.00 price objective on Honeywell Aerospace in a report on Monday, August 10th. UBS Group cut their price objective on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Finally, TD Cowen initiated coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating and a $250.00 target price for the company. 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 company. Based on data from MarketBeat.com, the stock presently has an average 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.