HBK Sorce Advisory LLC Acquires Shares of 4,816 Honeywell Aerospace $HONA

HBK Sorce Advisory LLC acquired a new position in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,816 shares of the company’s stock, valued at approximately $981,000.

Several other large investors also recently made changes to their positions in the business. Peachtree Investment Partners LLC acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at $253,000. German American Bancorp Inc. acquired a new position in Honeywell Aerospace during the 2nd quarter worth about $3,543,000. IMC Chicago LLC acquired a new position in Honeywell Aerospace during the 2nd quarter worth about $10,508,000. J.Safra Asset Management Corp bought a new stake in Honeywell Aerospace during the 2nd quarter worth about $124,000. Finally, Flputnam Investment Management Co. bought a new stake in Honeywell Aerospace during the 2nd quarter worth about $4,613,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. initiated coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They issued a “neutral” rating and a $255.00 price objective for the company. Jefferies Financial Group set a $175.00 price target on shares of Honeywell Aerospace in a research note on Sunday, August 9th. Wells Fargo & Company set a $195.00 price target on shares of Honeywell Aerospace in a research note on Monday, August 10th. Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. Finally, Argus started coverage on shares of Honeywell Aerospace in a research report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Stock Performance

Shares of NASDAQ HONA opened at $166.36 on Monday. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50. The stock has a market capitalization of $52.73 billion and a PE ratio of 88.96.

Honeywell Aerospace (NASDAQ:HONA) last posted its quarterly 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. Analysts expect that Honeywell Aerospace will post 7.75 EPS for the current year.

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.