Elevation Point Wealth Partners LLC Takes Position in Honeywell Aerospace $HONA

Elevation Point Wealth Partners LLC acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,182 shares of the company’s stock, valued at approximately $2,951,000.

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

Analysts Set New Price Targets

A number of research analysts recently commented on HONA shares. BNP Paribas Exane lowered their price objective on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Morgan Stanley upgraded Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price on the stock in a research note on Wednesday. Zacks Research raised shares of Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. started coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They set a “neutral” rating and a $255.00 price target for the company. Finally, Evercore set a $210.00 price objective on shares of Honeywell Aerospace in a report on Thursday, August 6th. One 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 stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Price Performance

Shares of NASDAQ HONA opened at $164.73 on Friday. The company has a market cap of $52.21 billion and a PE ratio of 88.09. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last posted its 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 during the quarter. On average, analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current year.

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.