Summit Asset Management LLC Takes $1.09 Million Position in Honeywell Aerospace $HONA

Summit Asset Management LLC acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 4,888 shares of the company’s stock, valued at approximately $1,094,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Trifecta Capital Advisors LLC bought a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $67,000. Kelleher Financial Advisors bought a new position in shares of Honeywell Aerospace during the second quarter valued at $78,000. One Wealth Advisors LLC acquired a new position in shares of Honeywell Aerospace during the second quarter worth $210,000. Bridgewater Advisors Inc. acquired a new position in shares of Honeywell Aerospace during the second quarter worth $236,000. Finally, Plan Group Financial LLC bought a new stake in shares of Honeywell Aerospace in the second quarter worth $270,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group set a $175.00 price target on Honeywell Aerospace in a research note on Sunday, August 9th. Wells Fargo & Company set a $195.00 price objective on Honeywell Aerospace in a research note on Monday, August 10th. JPMorgan Chase & Co. began coverage on Honeywell Aerospace in a report on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price on the stock. Vertical Research assumed coverage on shares of Honeywell Aerospace in a research report on Wednesday, July 1st. They set a “hold” rating and a $243.00 target price for the company. Finally, Wolfe Research assumed coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating for the company. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Honeywell Aerospace presently has a consensus rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Stock Down 2.0%

Shares of Honeywell Aerospace stock opened at $166.36 on Friday. The company has a market capitalization of $52.73 billion and a price-to-earnings 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 quarterly earnings data 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 during the quarter. As a group, 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.