Cullinan Associates Inc. Makes New $961,000 Investment in Honeywell Aerospace $HONA

Cullinan Associates Inc. acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,345 shares of the company’s stock, valued at approximately $961,000.

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

Honeywell Aerospace Stock Up 1.0%

Shares of HONA stock opened at $162.37 on Friday. The firm has a market capitalization of $51.46 billion and a PE ratio of 86.83. The company has a 50 day simple moving average of $195.14. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on HONA. JPMorgan Chase & Co. started coverage on Honeywell Aerospace in a research report on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price on the stock. BNP Paribas Exane cut their price objective on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. Morgan Stanley raised shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price on the stock in a research report on Wednesday, August 19th. Finally, Vertical Research started coverage on shares of Honeywell Aerospace in a research note on Wednesday, July 1st. They set a “hold” rating and a $243.00 target price for the company. 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 stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.