Ferguson Wellman Capital Management Inc. Acquires New Holdings in Honeywell Aerospace $HONA

Ferguson Wellman Capital Management Inc. bought a new stake in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, Holdings Channel.com reports. The fund bought 297,237 shares of the company’s stock, valued at approximately $65,713,000.

Several other hedge funds also recently bought and sold shares of HONA. Hardy Reed LLC bought a new position in shares of Honeywell Aerospace during the second quarter worth $1,151,000. Plan Group Financial LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at $270,000. Mill Capital Management LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at $419,000. Bryn Mawr Trust Advisors LLC acquired a new stake in Honeywell Aerospace during the 2nd quarter worth $1,301,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Honeywell Aerospace during the 2nd quarter worth $8,809,000.

Analyst Ratings Changes

A number of research firms have issued reports on HONA. JPMorgan Chase & Co. began coverage on Honeywell Aerospace in a research note on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price for the company. Vertical Research began coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They set a “hold” rating and a $243.00 price target on the stock. BNP Paribas Exane cut their price objective on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. Finally, Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Trading Up 1.0%

NASDAQ:HONA opened at $162.37 on Friday. The firm has a 50-day moving average of $195.14. The firm has a market capitalization of $51.46 billion and a P/E ratio of 86.83. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50.

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