Palmer Knight Co Invests $4.86 Million in Honeywell Aerospace $HONA

Palmer Knight Co acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 21,996 shares of the company’s stock, valued at approximately $4,863,000. Honeywell Aerospace accounts for about 1.9% of Palmer Knight Co’s holdings, making the stock its 28th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in Honeywell Aerospace in the 2nd quarter worth $29,000. Bell Investment Advisors Inc bought a new stake in Honeywell Aerospace during the second quarter valued at about $29,000. Strategic Wealth Advisors LLC bought a new stake in Honeywell Aerospace during the second quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Honeywell Aerospace during the second quarter valued at about $40,000. Finally, Gables Capital Management Inc. acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at about $47,000.

Honeywell Aerospace Trading Up 6.2%

NASDAQ HONA opened at $170.76 on Thursday. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50. The firm has a market capitalization of $54.12 billion and a price-to-earnings ratio of 91.31.

Honeywell Aerospace (NASDAQ:HONA) last announced its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The company had revenue of $4.35 billion for the quarter. Research analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on HONA shares. Evercore set a $210.00 price objective on Honeywell Aerospace in a research note on Thursday, August 6th. Royal Bank Of Canada decreased their target price on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, August 6th. Wells Fargo & Company set a $195.00 target price on Honeywell Aerospace in a report on Monday, August 10th. Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. Finally, BNP Paribas Exane cut their price target on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.