German American Bancorp Inc. Purchases New Position in Honeywell Aerospace $HONA

German American Bancorp Inc. acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,026 shares of the company’s stock, valued at approximately $3,543,000.

A number of other institutional investors have also recently bought and sold shares of the company. Trifecta Capital Advisors LLC bought a new stake in Honeywell Aerospace in the second quarter valued at approximately $67,000. Kelleher Financial Advisors bought a new position in shares of Honeywell Aerospace during the second quarter worth $78,000. J.Safra Asset Management Corp bought a new position in shares of Honeywell Aerospace during the second quarter worth $124,000. One Wealth Advisors LLC acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $210,000. Finally, Bridgewater Advisors Inc. acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $236,000.

Honeywell Aerospace Price Performance

HONA stock opened at $166.36 on Monday. The stock has a market cap of $52.73 billion and a price-to-earnings ratio of 88.96. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last issued 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 during the quarter. As a group, sell-side analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HONA. JPMorgan Chase & Co. initiated coverage on Honeywell Aerospace in a research note on Friday, July 10th. They set a “neutral” rating and a $255.00 price objective on the stock. BMO Capital Markets decreased their target price on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Finally, Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Company 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.