HighTower Advisors LLC Makes New Investment in Honeywell Aerospace $HONA

HighTower Advisors LLC acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 201,482 shares of the company’s stock, valued at approximately $44,544,000.

Several other large investors have also made changes to their positions in HONA. Hardy Reed LLC acquired a new stake in shares of Honeywell Aerospace in the second quarter worth $1,151,000. Plan Group Financial LLC acquired a new position in Honeywell Aerospace during the second quarter valued at $270,000. Mill Capital Management LLC acquired a new position in Honeywell Aerospace during the second quarter valued at $419,000. Bryn Mawr Trust Advisors LLC purchased a new stake in Honeywell Aerospace in the second quarter valued at $1,301,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Honeywell Aerospace during the 2nd quarter valued at about $8,809,000.

Honeywell Aerospace Stock Performance

HONA opened at $161.01 on Tuesday. The firm has a market cap of $51.03 billion and a P/E ratio of 86.10. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50. The stock’s 50-day moving average is $190.46.

Honeywell Aerospace (NASDAQ:HONA) last posted its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The firm had revenue of $4.35 billion during the quarter. As a group, sell-side analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Vertical Research assumed coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They set a “hold” rating and a $243.00 price target on the stock. TD Cowen initiated coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating and a $250.00 target price on the stock. Evercore set a $210.00 target price on Honeywell Aerospace in a research report on Thursday, August 6th. BMO Capital Markets cut their price target on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Finally, Wolfe Research began coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Company Profile

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.