Citizens Financial Group Inc. RI Acquires New Position in Honeywell Aerospace $HONA

Citizens Financial Group Inc. RI acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 44,923 shares of the company’s stock, valued at approximately $9,932,000.

A number of other hedge funds also recently bought and sold shares of HONA. Bell Investment Advisors Inc purchased a new position in Honeywell Aerospace in the 2nd quarter worth approximately $29,000. Trifecta Capital Advisors LLC acquired a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $67,000. Kelleher Financial Advisors purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $78,000. J.Safra Asset Management Corp purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $124,000. Finally, Dunhill Financial LLC acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $144,000.

Honeywell Aerospace Price Performance

Honeywell Aerospace stock opened at $160.76 on Wednesday. The company has a market capitalization of $50.95 billion and a PE ratio of 85.97. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HONA shares. BMO Capital Markets reduced their price objective on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. JPMorgan Chase & Co. began coverage on Honeywell Aerospace in a report on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price for the company. Zacks Research raised Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. 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. Finally, BNP Paribas Exane reduced 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. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Honeywell Aerospace 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.