7,492 Shares in Honeywell Aerospace $HONA Acquired by Pin Oak Investment Advisors Inc.

Pin Oak Investment Advisors Inc. purchased a new position in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,492 shares of the company’s stock, valued at approximately $1,656,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bell Investment Advisors Inc bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $29,000. Strategic Wealth Advisors LLC acquired a new stake in shares of Honeywell Aerospace during the second quarter worth $29,000. Meeder Asset Management Inc. acquired a new stake in shares of Honeywell Aerospace during the second quarter worth $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Honeywell Aerospace during the second quarter valued at $40,000. Finally, Gables Capital Management Inc. purchased a new stake in shares of Honeywell Aerospace during the second quarter valued at $47,000.

Honeywell Aerospace Stock Up 1.0%

Shares of HONA stock opened at $162.37 on Friday. The stock has a market capitalization of $51.46 billion and a P/E ratio of 86.83. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50. The company’s fifty day simple moving average is $195.14.

Honeywell Aerospace (NASDAQ:HONA) last announced 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 during the quarter. On average, analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on HONA. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. TD Cowen started coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating and a $250.00 target price for the company. Royal Bank Of Canada dropped their target price on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. BMO Capital Markets cut their price target on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. Finally, Morgan Stanley upgraded shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target for the company in a research report on Wednesday, August 19th. One 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 stock presently has a consensus rating of “Hold” and a consensus target price of $224.17.

About Honeywell Aerospace

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.