Cypress Asset Management Inc. TX Makes New Investment in Honeywell Aerospace $HONA

Cypress Asset Management Inc. TX acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 12,141 shares of the company’s stock, valued at approximately $2,684,000.

A number of other institutional investors have also recently modified their holdings of the stock. Main Street Financial Solutions LLC acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $481,000. First National Bank of Omaha bought a new stake in Honeywell Aerospace during the second quarter worth about $3,935,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Honeywell Aerospace during the second quarter worth about $40,000. Aljian Capital Management LLC acquired a new stake in Honeywell Aerospace during the second quarter worth about $712,000. Finally, Meeder Advisory Services Inc. acquired a new stake in Honeywell Aerospace during the second quarter worth about $1,738,000.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HONA. Argus initiated coverage on shares of Honeywell Aerospace in a research report on Thursday, July 9th. They issued a “buy” rating and a $275.00 target price for the company. Evercore set a $210.00 price target on shares of Honeywell Aerospace in a research report on Thursday, August 6th. JPMorgan Chase & Co. assumed coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They issued a “neutral” rating and a $255.00 price objective on the stock. BNP Paribas Exane lowered their price objective on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Finally, Morgan Stanley set a $205.00 target price on Honeywell Aerospace in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Trading Down 0.5%

Shares of NASDAQ:HONA opened at $160.76 on Wednesday. The firm has a market cap of $50.95 billion and a PE ratio of 85.97. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last posted its quarterly earnings data 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. Equities analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current 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.