MCF Advisors LLC Makes New Investment in Honeywell Aerospace $HONA

MCF Advisors LLC acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,223 shares of the company’s stock, valued at approximately $934,000.

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

Honeywell Aerospace Stock Up 1.4%

HONA stock opened at $153.75 on Friday. Honeywell Aerospace has a one year low of $149.19 and a one year high of $297.50. The stock has a market capitalization of $48.73 billion and a price-to-earnings ratio of 82.22. The firm’s 50-day moving average price is $186.38.

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 business had revenue of $4.35 billion for the quarter. As a group, analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current year.

Analyst Upgrades and Downgrades

HONA has been the subject of several research analyst reports. TD Cowen initiated coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating and a $250.00 price objective for the company. Wells Fargo & Company set a $195.00 target price on shares of Honeywell Aerospace in a research note on Monday, August 10th. JPMorgan Chase & Co. began coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They set a “neutral” rating and a $255.00 price target on the stock. Royal Bank Of Canada reduced their price target on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, August 6th. Finally, Jefferies Financial Group set a $175.00 price target on shares of Honeywell Aerospace in a research note on Sunday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Profile

Honeywell Aerospace is an aerospace technology company that develops and supplies systems, components and services for commercial aviation, business and general aviation, defense and space markets. Its portfolio includes aircraft engines, auxiliary power units, avionics, flight controls, navigation and communication systems, thermal management equipment, wheels and brakes, and other propulsion and safety technologies.

The company serves aircraft manufacturers, airlines, business aviation operators, military customers and aftermarket service providers around the world.