Maxi Investments CY Ltd Acquires New Shares in Honeywell Aerospace $HONA

Maxi Investments CY Ltd bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,900 shares of the company’s stock, valued at approximately $2,664,000.

Several other institutional investors also recently bought and sold shares of HONA. Bell Investment Advisors Inc acquired a new stake in shares of Honeywell Aerospace in the second quarter worth about $29,000. Strategic Wealth Advisors LLC bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth about $29,000. Meeder Asset Management Inc. acquired a new position in shares of Honeywell Aerospace during the 2nd quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Honeywell Aerospace during the 2nd quarter valued at about $40,000. Finally, Gables Capital Management Inc. bought a new position in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $47,000.

Honeywell Aerospace Stock Down 2.1%

Shares of NASDAQ:HONA opened at $161.20 on Tuesday. The company has a market cap of $51.09 billion and a P/E ratio of 86.20. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last issued its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The business had revenue of $4.35 billion during the quarter. On average, equities research analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HONA has been the subject of several analyst reports. Vertical Research started coverage on Honeywell Aerospace in a report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 target price for the company. BNP Paribas Exane lowered their price target on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Wolfe Research started coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They issued a “hold” rating on the stock. UBS Group reduced 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 note on Thursday, August 6th. Finally, Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target 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.