Kimelman & Baird LLC Makes New Investment in Honeywell Aerospace $HONA

Kimelman & Baird LLC bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 64,069 shares of the company’s stock, valued at approximately $14,164,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HONA. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Honeywell Aerospace during the second quarter worth approximately $1,656,000. Twin Lakes Capital Management LLC acquired a new stake in Honeywell Aerospace in the second quarter valued at $339,000. Rakuten Investment Management Inc. bought a new position in Honeywell Aerospace during the 2nd quarter valued at $16,821,000. RB Capital Management LLC bought a new position in Honeywell Aerospace during the 2nd quarter valued at $306,000. Finally, Orion Capital Management LLC acquired a new position in Honeywell Aerospace during the 2nd quarter worth $118,000.

Honeywell Aerospace Price Performance

Shares of Honeywell Aerospace stock opened at $162.37 on Friday. The firm has a market cap of $51.46 billion and a PE ratio of 86.83. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50. The business’s 50 day moving average is $195.14.

Honeywell Aerospace (NASDAQ:HONA) last issued 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. As a group, research analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HONA shares. Wells Fargo & Company set a $195.00 target price on shares of Honeywell Aerospace in a research report on Monday, August 10th. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Vertical Research initiated coverage on Honeywell Aerospace in a report on Wednesday, July 1st. They set a “hold” rating and a $243.00 target price on the stock. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. Finally, Wolfe Research began coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating on the stock. 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 a consensus rating of “Hold” and an average target price of $224.17.

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.