Wedmont Private Capital Acquires New Holdings in Honeywell Aerospace $HONA

Wedmont Private Capital bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 4,582 shares of the company’s stock, valued at approximately $1,011,000.

Several other hedge funds have also recently added to or reduced their stakes in HONA. Hardy Reed LLC purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at about $1,151,000. Plan Group Financial LLC acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $270,000. Mill Capital Management LLC purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $419,000. Bryn Mawr Trust Advisors LLC purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $1,301,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $8,809,000.

Analyst Ratings Changes

HONA has been the topic of a number of analyst reports. Wells Fargo & Company set a $195.00 target price on Honeywell Aerospace in a report on Monday, August 10th. Morgan Stanley raised 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. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. Vertical Research started coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price objective on the stock. Finally, Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. One equities 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Trading Down 3.5%

NASDAQ:HONA opened at $155.42 on Wednesday. The firm has a market capitalization of $49.26 billion and a price-to-earnings ratio of 83.11. The firm has a 50 day moving average price of $189.76. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last announced its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The firm had revenue of $4.35 billion for the quarter. Equities analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current year.

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.