NorthRock Partners LLC Takes Position in Honeywell Aerospace $HONA

NorthRock Partners LLC purchased a new stake in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,468 shares of the company’s stock, valued at approximately $988,000.

A number of other hedge funds also recently made changes to their positions in the stock. Ameliora Wealth Management Ltd. bought a new position in Honeywell Aerospace during the 2nd quarter worth approximately $25,000. Leo H. Evart Inc. acquired a new stake in Honeywell Aerospace in the second quarter worth $26,000. Outlook Capital Management LLC bought a new stake in Honeywell Aerospace in the second quarter valued at $26,000. Meeder Asset Management Inc. acquired a new position in shares of Honeywell Aerospace during the second quarter valued at about $29,000. Finally, Bell Investment Advisors Inc acquired a new position in shares of Honeywell Aerospace during the second quarter valued at about $29,000.

Honeywell Aerospace Stock Performance

NASDAQ:HONA opened at $153.75 on Friday. Honeywell Aerospace has a 52 week low of $149.19 and a 52 week high of $297.50. The company has a 50-day moving average price of $186.38. The stock has a market cap of $48.73 billion and a price-to-earnings ratio of 82.22.

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. Analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Analysts Set New Price Targets

HONA has been the subject of several research reports. Vertical Research initiated coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 target price for the company. Royal Bank Of Canada lowered their target price on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Melius Research upgraded shares of Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. JPMorgan Chase & Co. started coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They issued a “neutral” rating and a $255.00 price objective on the stock. Finally, Wolfe Research assumed coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Honeywell Aerospace has a consensus rating of “Hold” and a consensus target price of $224.17.

About Honeywell Aerospace

Honeywell Aerospace is an aerospace technology company that develops and supplies systems, components and services for commercial aviation, business and general aviation, defense and space markets. Its portfolio includes aircraft engines, auxiliary power units, avionics, flight controls, navigation and communication systems, thermal management equipment, wheels and brakes, and other propulsion and safety technologies.

The company serves aircraft manufacturers, airlines, business aviation operators, military customers and aftermarket service providers around the world.