Wealthfront Advisers LLC Makes New $9.81 Million Investment in Honeywell Aerospace $HONA

Wealthfront Advisers LLC acquired a new position in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,803 shares of the company’s stock, valued at approximately $9,808,000.

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

Honeywell Aerospace Stock Up 6.2%

Shares of HONA opened at $170.76 on Thursday. The stock has a market capitalization of $54.12 billion and a P/E ratio of 91.31. Honeywell Aerospace has a one year low of $150.03 and a one year 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 (EPS) for the quarter. The business had revenue of $4.35 billion for the quarter. On average, research analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HONA shares. BMO Capital Markets dropped their target price on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. UBS Group lowered their price objective on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Royal Bank Of Canada dropped their price objective on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. TD Cowen began coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating and a $250.00 target price on the stock. Finally, Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $224.17.

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.