11,589 Shares in Honeywell Aerospace $HONA Acquired by SVB Wealth LLC

SVB Wealth LLC purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, Holdings Channel.com reports. The fund purchased 11,589 shares of the company’s stock, valued at approximately $2,562,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of HONA. Pinnacle Wealth Management Advisory Group LLC acquired a new position in Honeywell Aerospace in the second quarter worth $467,000. NorthRock Partners LLC acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at $988,000. Integrated Wealth Concepts LLC bought a new position in shares of Honeywell Aerospace in the second quarter valued at about $4,167,000. RFG Advisory LLC acquired a new position in Honeywell Aerospace during the 2nd quarter worth about $1,955,000. Finally, NewEdge Advisors LLC acquired a new position in Honeywell Aerospace during the 2nd quarter worth about $42,074,000.

Honeywell Aerospace Trading Down 3.5%

Honeywell Aerospace stock opened at $155.42 on Wednesday. The firm has a market cap of $49.26 billion and a P/E ratio of 83.11. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50. The company’s 50-day simple moving average is $189.76.

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 for the quarter. On average, research analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Jefferies Financial Group set a $175.00 price objective on shares of Honeywell Aerospace in a research report on Sunday, August 9th. BNP Paribas Exane decreased their price target on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. UBS Group lowered their price target on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. JPMorgan Chase & Co. began coverage on Honeywell Aerospace in a research report on Friday, July 10th. They issued a “neutral” rating and a $255.00 price objective on the stock. Finally, Royal Bank Of Canada lowered their target price on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, August 6th. One investment 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.com, Honeywell Aerospace has a consensus rating of “Hold” and a consensus price target of $224.17.

About Honeywell Aerospace

Honeywell Aerospace is an aerospace technology company that develops and supplies products and systems for commercial aviation, business and general aviation, defense, and space applications. Its portfolio includes aircraft engines, auxiliary power units, avionics, flight controls, navigation and communication systems, propulsion technologies, environmental-control and thermal-management systems, and connected aircraft software.

The company serves aircraft manufacturers, airlines, operators, maintenance providers, and government customers worldwide.