Honeywell Aerospace (NASDAQ:HONA) Shares Sold Off by Rep. Carol D. Miller

Representative Carol D. Miller (Republican-West Virginia) recently sold shares of Honeywell Aerospace (NASDAQ:HONA). In a filing disclosed on October 30th, the Representative disclosed that they had sold between $0 and $1,000 in Honeywell Aerospace stock on September 29th. The trade occurred in the Representative’s “UNITED BANK BROKERAGE ACCOUNT” account.

Honeywell Aerospace Stock Up 2.5%

NASDAQ:HONA opened at $157.95 on Tuesday. The company has a fifty day moving average of $159.86. The company has a market cap of $50.06 billion and a price-to-earnings ratio of 84.47. Honeywell Aerospace has a twelve month low of $149.19 and a twelve month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last posted its earnings results on Wednesday, October 28th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.90 by $0.31. The business had revenue of $4.64 billion for the quarter. Equities research analysts anticipate that Honeywell Aerospace will post 7.90 EPS for the current fiscal year.

Honeywell Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be paid a $0.40 dividend. The ex-dividend date is Friday, November 13th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%.

Institutional Investors Weigh In On Honeywell Aerospace

A number of large investors have recently added to or reduced their stakes in HONA. Ameliora Wealth Management Ltd. purchased a new position in Honeywell Aerospace during the 2nd quarter valued at about $25,000. Latitude Advisors LLC purchased a new stake in Honeywell Aerospace in the 3rd quarter worth approximately $25,000. Leo H. Evart Inc. purchased a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $26,000. Outlook Capital Management LLC purchased a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $26,000. Finally, Security National Bank of SO Dak bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $27,000.

Honeywell Aerospace News Summary

Here are the key news stories impacting Honeywell Aerospace this week:

• Positive Sentiment: $500 million Tempe expansion: Honeywell Aerospace is building a major manufacturing expansion in Tempe, Arizona. The project should increase production capacity and could support longer-term growth, although it also represents significant upfront capital spending. Honeywell Aerospace Is Building a $500 Million Tempe Manufacturing Expansion
• Neutral Sentiment: Investor conference scheduled: CEO Jim Currier is scheduled to present at the Baird Global Industrial Conference on November 10. Investors may look for updates on demand, production, the company’s outlook and the Tempe expansion. Honeywell Aerospace Announces Participation at Upcoming Investor Conferences
• Negative Sentiment: Class-action litigation continues to generate pressure: Several law firms reiterated that investors who purchased HONA shares between June 29 and September 1 may seek lead-plaintiff status by November 23. The complaints allege that Honeywell guided investors toward 7%–9% organic growth before later reporting a 70% decline in quarterly net income and reducing its outlook. The repeated notices increase headline and potential legal risk, though they do not represent a court finding of wrongdoing. Honeywell Aerospace Investor Class-Action Reminder
• Negative Sentiment: BMO downgrade: BMO Capital Markets cut Honeywell Aerospace to “Market Perform,” signaling a less favorable view of the shares and potentially limiting near-term upside. Honeywell Aerospace Cut to Market Perform at BMO Capital Markets

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley raised Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price for the company in a report on Wednesday, August 19th. Wells Fargo & Company set a $195.00 price target on shares of Honeywell Aerospace in a report on Monday, August 10th. BNP Paribas Exane dropped their price objective on Honeywell Aerospace from $210.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 6th. JPMorgan Chase & Co. reduced their price objective on Honeywell Aerospace from $235.00 to $210.00 and set a “neutral” rating for the company in a report on Thursday, October 29th. Finally, Susquehanna assumed coverage on Honeywell Aerospace in a report on Thursday, September 17th. They set a “positive” rating and a $190.00 price objective for the company. Four analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Honeywell Aerospace presently has a consensus rating of “Hold” and an average price target of $196.47.

About Representative Miller

Carol Miller (Republican Party) is a member of the U.S. House, representing West Virginia’s 1st Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

Miller (Republican Party) ran for re-election to the U.S. House to represent West Virginia’s 1st Congressional District. She won in the general election on November 5, 2024.

West Virginia’s 3rd Congressional District race was identified as a 2018 battleground that might have affected partisan control of the U.S. House in the 116th Congress. Incumbent Evan Jenkins (R) did not seek re-election in 2018, leaving the seat open. In the campaign, Miller emphasized her endorsement by President Donald Trump (R). Lara Trump, Senior Advisor to Donald J. Trump for President, Inc., said, “Carol is pro-coal, pro-Second Amendment, and pro-Trump through and through, and is prepared to tackle the opioid epidemic that’s affected countless West Virginians.” Miller also supported the construction of a wall on the southern U.S. border and the Tax Cuts and Jobs Act (TCJA).

Miller is a former Republican member of the West Virginia House of Delegates, representing District 16 from 2006 to 2018.

Miller has also worked in real estate and owns a bison farm.

Carol Miller was born in Columbus, Ohio. Miller graduated from Bexley High School in 1968. She earned a B.S. from Columbia College in 1972. Her career experience includes owning and operating Swann Ridge Bison Farm and working as a real estate manager.

Honeywell Aerospace Company Profile

Honeywell Aerospace develops and supplies aerospace technologies for commercial aviation, business and general aviation, defense, and space customers. Its portfolio includes aircraft engines and auxiliary power units, avionics, flight controls, navigation and communication systems, environmental and thermal-management equipment, wheels and brakes, and other propulsion and mechanical systems.

The company also provides aftermarket support, including maintenance, repair and overhaul services, replacement parts, upgrades, technical assistance, and digital solutions designed to improve aircraft performance and operational efficiency.