Honeywell Aerospace $HONA Stock Bought by Talbot Financial LLC

Talbot Financial LLC raised its holdings in Honeywell Aerospace (NASDAQ:HONA) by 62.5% during the third quarter, Holdings Channel.com reports. The firm owned 78,974 shares of the company’s stock after purchasing an additional 30,373 shares during the period. Talbot Financial LLC’s holdings in Honeywell Aerospace were worth $12,239,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Ameliora Wealth Management Ltd. purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth $25,000. Leo H. Evart Inc. purchased a new stake in Honeywell Aerospace in the 2nd quarter valued at about $26,000. Outlook Capital Management LLC purchased a new stake in Honeywell Aerospace in the 2nd quarter valued at about $26,000. Security National Bank of SO Dak purchased a new stake in Honeywell Aerospace in the 2nd quarter valued at about $27,000. Finally, Cherry Tree Wealth Management LLC acquired a new position in Honeywell Aerospace in the second quarter valued at about $28,000.

Honeywell Aerospace Stock Performance

Shares of NASDAQ HONA traded down $4.39 during trading on Monday, reaching $163.70. The stock had a trading volume of 1,117,859 shares, compared to its average volume of 3,539,494. The stock has a market capitalization of $51.89 billion and a P/E ratio of 87.54. Honeywell Aerospace has a fifty-two week low of $149.19 and a fifty-two week high of $297.50. The stock has a 50-day moving average price of $160.27.

Honeywell Aerospace (NASDAQ:HONA) last posted its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The firm had revenue of $4.35 billion for the quarter. Research analysts expect that Honeywell Aerospace will post 7.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HONA has been the subject of several research analyst reports. Royal Bank Of Canada lowered their target price on shares of Honeywell Aerospace from $250.00 to $210.00 and set an “outperform” rating for the company in a research note on Thursday. Evercore set a $210.00 price target on shares of Honeywell Aerospace in a research note on Thursday, August 6th. Melius Research set a $190.00 price target on shares of Honeywell Aerospace in a research note on Monday, September 14th. The Goldman Sachs Group began coverage on shares of Honeywell Aerospace in a report on Wednesday, October 7th. They issued a “neutral” rating and a $190.00 price objective on the stock. Finally, Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Honeywell Aerospace has a consensus rating of “Hold” and an average price target of $201.93.

About Honeywell Aerospace

Honeywell Aerospace develops and supplies aerospace technologies for commercial aviation, business and general aviation, defense, and space customers. Its portfolio includes aircraft engines and auxiliary power units, avionics, flight controls, navigation and communication systems, environmental and thermal-management equipment, wheels and brakes, and other propulsion and mechanical systems.

The company also provides aftermarket support, including maintenance, repair and overhaul services, replacement parts, upgrades, technical assistance, and digital solutions designed to improve aircraft performance and operational efficiency.