39,847 Shares in Honeywell Aerospace $HONA Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 39,847 shares of the company’s stock, valued at approximately $8,809,000.

A number of other large investors have also recently added to or reduced their stakes in HONA. Plan Group Financial LLC purchased a new position in Honeywell Aerospace during the 2nd quarter valued at about $270,000. Mill Capital Management LLC purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at about $419,000. Hardy Reed LLC purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at about $1,151,000. Finally, Bryn Mawr Trust Advisors LLC purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at about $1,301,000.

Analyst Ratings Changes

HONA has been the subject of a number of recent research reports. Jefferies Financial Group set a $175.00 price objective on shares of Honeywell Aerospace in a research note on Sunday, August 9th. Wolfe Research initiated coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating on the stock. BMO Capital Markets reduced their target price on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Honeywell Aerospace has an average rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Stock Down 2.0%

Honeywell Aerospace stock opened at $166.36 on Friday. The firm has a market capitalization of $52.73 billion and a P/E ratio of 88.96. 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 for the quarter. The business had revenue of $4.35 billion for the quarter. Research analysts predict 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.