292,894 Honeywell Aerospace $HONA Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp lowered its position in shares of Honeywell Aerospace (NASDAQ:HONA – Free Report) by 64.7% during the third quarter, Holdings Channel.com reports. The firm owned 159,953 shares of the company’s stock after selling 292,894 shares during the quarter. King Luther Capital Management Corp’s holdings in Honeywell Aerospace were worth $24,788,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Maryland State Retirement & Pension System bought a new position in Honeywell Aerospace during the 3rd quarter worth $3,071,000. Renasant Bank bought a new stake in shares of Honeywell Aerospace in the third quarter valued at about $341,000. Confluence Wealth Services Inc. boosted its position in shares of Honeywell Aerospace by 1.4% in the third quarter. Confluence Wealth Services Inc. now owns 5,212 shares of the company’s stock valued at $808,000 after acquiring an additional 72 shares during the period. AMG National Trust Bank grew its stake in shares of Honeywell Aerospace by 63.1% in the third quarter. AMG National Trust Bank now owns 8,125 shares of the company’s stock valued at $1,259,000 after acquiring an additional 3,143 shares in the last quarter. Finally, Moneco Advisors LLC grew its stake in shares of Honeywell Aerospace by 39.7% in the third quarter. Moneco Advisors LLC now owns 7,114 shares of the company’s stock valued at $1,102,000 after acquiring an additional 2,020 shares in the last quarter.

Honeywell Aerospace Trading Down 1.9%

HONA opened at $166.23 on Friday. Honeywell Aerospace has a 52-week low of $147.40 and a 52-week high of $297.50. The firm has a market cap of $52.70 billion and a price-to-earnings ratio of 40.74. The stock’s fifty day moving average is $160.05.

Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.31. The firm had revenue of $4.64 billion for the quarter. As a group, equities analysts anticipate that Honeywell Aerospace will post 7.93 EPS for the current year.

Honeywell Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be paid a $0.40 dividend. The ex-dividend date is Friday, November 13th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Morgan Stanley raised shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target on the stock in a research report on Wednesday, August 19th. The Goldman Sachs Group started coverage on shares of Honeywell Aerospace in a research report on Wednesday, October 7th. They set a “neutral” rating and a $190.00 target price on the stock. Royal Bank Of Canada decreased their target price on shares of Honeywell Aerospace from $250.00 to $210.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Jefferies Financial Group reaffirmed a “hold” rating and set a $170.00 target price on shares of Honeywell Aerospace in a report on Monday, November 2nd. Finally, Susquehanna began coverage on shares of Honeywell Aerospace in a research report on Thursday, September 17th. They issued a “positive” rating and a $190.00 price target for the company. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $196.47.

Read Our Latest Analysis on HONA

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About Honeywell Aerospace

(Free Report)

Honeywell Aerospace develops and supplies systems and services for commercial aviation, business and general aviation, defense, and space customers. Its offerings include aircraft engines and auxiliary power units, avionics, flight-control and navigation systems, connectivity and safety technologies, and aircraft wheels and brakes. The company also provides maintenance, repair, overhaul, and other aftermarket support for aircraft equipment. Its customers include aircraft manufacturers, airlines, business-jet operators, and government and defense organizations around the world.

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Institutional Ownership by Quarter for Honeywell Aerospace (NASDAQ:HONA)

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