EFG International AG Buys Shares of 3,136 Honeywell Aerospace $HONA

EFG International AG purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,136 shares of the company’s stock, valued at approximately $702,000.

Several other hedge funds also recently made changes to their positions in HONA. Meeder Asset Management Inc. acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $29,000. Bell Investment Advisors Inc acquired a new position in Honeywell Aerospace during the second quarter worth $29,000. Strategic Wealth Advisors LLC acquired a new position in Honeywell Aerospace during the second quarter worth $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Honeywell Aerospace in the second quarter valued at $40,000. Finally, Gables Capital Management Inc. bought a new position in Honeywell Aerospace in the second quarter valued at $47,000.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HONA shares. Jefferies Financial Group set a $175.00 price target on shares of Honeywell Aerospace in a research note on Sunday, August 9th. Morgan Stanley upgraded shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective for the company in a research note on Wednesday, August 19th. Wolfe Research started coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating for the company. Argus assumed coverage on Honeywell Aerospace in a research report on Thursday, July 9th. They issued a “buy” rating and a $275.00 target price on the stock. Finally, UBS Group dropped their target price on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Stock Performance

Shares of HONA opened at $160.75 on Friday. The firm has a market capitalization of $50.95 billion and a P/E ratio of 85.96. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50. The stock’s fifty day moving average price is $195.92.

Honeywell Aerospace (NASDAQ:HONA) last announced 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. On average, analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current year.

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.