Diversify Advisory Services LLC Invests $1.38 Million in Honeywell Aerospace $HONA

Diversify Advisory Services LLC acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,612 shares of the company’s stock, valued at approximately $1,379,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Honeywell Aerospace in the second quarter valued at approximately $5,253,341,000. Bank of New York Mellon Corp purchased a new position in Honeywell Aerospace in the second quarter valued at approximately $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Honeywell Aerospace during the second quarter worth approximately $205,658,000. Deutsche Bank AG acquired a new stake in Honeywell Aerospace during the second quarter worth approximately $152,933,000. Finally, Trust Co. of Vermont purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter worth approximately $20,428,000.

Honeywell Aerospace Stock Performance

Shares of HONA opened at $170.76 on Thursday. The company has a market cap of $54.12 billion and a PE ratio of 91.31. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HONA shares. Argus started coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They issued a “buy” rating and a $275.00 target price for the company. TD Cowen began coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating and a $250.00 price target on the stock. Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Finally, Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. One 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.