Grandfield & Dodd LLC Makes New Investment in Honeywell Aerospace $HONA

Grandfield & Dodd LLC bought a new stake in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,390 shares of the company’s stock, valued at approximately $759,000.

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

Honeywell Aerospace Price Performance

HONA stock opened at $161.56 on Tuesday. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50. The company has a market cap of $51.21 billion and a P/E ratio of 86.40.

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

Wall Street Analyst Weigh In

HONA has been the subject of several recent analyst reports. Wells Fargo & Company set a $195.00 price objective on Honeywell Aerospace in a report on Monday, August 10th. 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 note on Monday, August 10th. Wolfe Research assumed coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating on the stock. 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. Finally, TD Cowen started coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating and a $250.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.