Bryn Mawr Trust Advisors LLC Makes New $1.30 Million Investment in Honeywell Aerospace $HONA

Bryn Mawr Trust Advisors LLC bought a new position in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, Holdings Channel.com reports. The firm bought 5,886 shares of the company’s stock, valued at approximately $1,301,000.

A number of other hedge funds also recently made changes to their positions in HONA. Plan Group Financial LLC acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $270,000. Mill Capital Management LLC acquired a new position in Honeywell Aerospace during the 2nd quarter worth approximately $419,000. Finally, Hardy Reed LLC acquired a new position in Honeywell Aerospace during the 2nd quarter worth approximately $1,151,000.

Honeywell Aerospace Price Performance

Shares of NASDAQ HONA opened at $166.36 on Friday. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50. The company has a market capitalization of $52.73 billion and a P/E ratio of 88.96.

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

Analyst Ratings Changes

HONA has been the subject of several research reports. BMO Capital Markets dropped their price objective on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. BNP Paribas Exane lowered their price target on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Morgan Stanley set a $205.00 price objective on Honeywell Aerospace in a report on Friday, August 7th. Finally, TD Cowen assumed coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $250.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Profile

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.