Shepherd Financial Partners LLC Purchases Shares of 9,183 Honeywell Aerospace $HONA

Shepherd Financial Partners LLC acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, Holdings Channel.com reports. The fund acquired 9,183 shares of the company’s stock, valued at approximately $2,056,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Grandfield & Dodd LLC bought a new position in Honeywell Aerospace in the 2nd quarter valued at about $759,000. SCS Capital Management LLC bought a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $1,821,000. SFE Investment Counsel purchased a new stake in shares of Honeywell Aerospace in the second quarter worth approximately $2,981,000. MidFirst Bank purchased a new stake in shares of Honeywell Aerospace in the second quarter worth approximately $5,608,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Honeywell Aerospace in the second quarter valued at approximately $8,809,000.

Honeywell Aerospace Trading Up 6.2%

Shares of NASDAQ HONA opened at $170.76 on Thursday. The company has a market capitalization of $54.12 billion and a PE ratio of 91.31. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last posted 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. On average, analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. Argus started coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They set a “buy” rating and a $275.00 price objective on the stock. Wells Fargo & Company set a $195.00 price objective on shares of Honeywell Aerospace in a report on Monday, August 10th. Jefferies Financial Group set a $175.00 target price on shares of Honeywell Aerospace in a research note on Sunday, August 9th. Finally, Wolfe Research assumed coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Honeywell Aerospace presently has a consensus rating of “Hold” and a consensus target price of $224.17.

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.