Hsbc Holdings PLC Purchases New Position in Honeywell Aerospace $HONA

Hsbc Holdings PLC acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, Holdings Channel reports. The fund acquired 731,508 shares of the company’s stock, valued at approximately $242,103,000.

Other hedge funds also recently made changes to their positions in the company. Hardy Reed LLC acquired a new stake in shares of Honeywell Aerospace during the second quarter worth about $1,151,000. Plan Group Financial LLC purchased a new position in Honeywell Aerospace during the 2nd quarter worth approximately $270,000. Mill Capital Management LLC acquired a new position in Honeywell Aerospace during the second quarter worth approximately $419,000. Bryn Mawr Trust Advisors LLC purchased a new stake in Honeywell Aerospace in the second quarter valued at approximately $1,301,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $8,809,000.

Analyst Ratings Changes

A number of equities analysts have recently commented on HONA shares. Wolfe Research began coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. started 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. UBS Group cut their price target on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Morgan Stanley upgraded shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective on the stock in a research report on Wednesday, August 19th. Finally, Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Stock Down 0.5%

Shares of HONA opened at $160.36 on Wednesday. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50. The stock has a market capitalization of $50.83 billion and a PE ratio of 85.75.

Honeywell Aerospace (NASDAQ:HONA) last released 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. On average, equities research analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

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.