Ironvine Capital Partners LLC Acquires Shares of 47,276 Honeywell Aerospace $HONA

Ironvine Capital Partners LLC acquired a new position in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, HoldingsChannel.com reports. The fund acquired 47,276 shares of the company’s stock, valued at approximately $10,452,000. Honeywell Aerospace comprises 0.9% of Ironvine Capital Partners LLC’s portfolio, making the stock its 29th biggest position.

Several other hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $29,000. Bell Investment Advisors Inc purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $40,000. Triumph Capital Management acquired a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $43,000. Finally, Gables Capital Management Inc. purchased a new position in shares of Honeywell Aerospace during the 2nd quarter valued at approximately $47,000.

Honeywell Aerospace Trading Down 2.4%

HONA opened at $154.24 on Wednesday. The business’s 50-day moving average price is $193.40. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The firm has a market cap of $48.89 billion and a price-to-earnings ratio of 82.48.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on HONA. Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. UBS Group dropped their price target on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Evercore set a $210.00 target price on shares of Honeywell Aerospace in a research note on Thursday, August 6th. Royal Bank Of Canada reduced their target price on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Finally, TD Cowen started coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 price target on the stock. 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. Based on data from MarketBeat.com, the stock currently has an average 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.