Ieq Capital LLC Makes New Investment in Honeywell Aerospace $HONA

Ieq Capital LLC bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 34,173 shares of the company’s stock, valued at approximately $7,555,000.

Several other institutional investors have also added to or reduced their stakes in HONA. Bell Investment Advisors Inc bought a new stake in shares of Honeywell Aerospace in the second quarter worth about $29,000. Strategic Wealth Advisors LLC purchased a new position in Honeywell Aerospace during the 2nd quarter valued at $29,000. Meeder Asset Management Inc. purchased a new position in Honeywell Aerospace during the 2nd quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Honeywell Aerospace in the 2nd quarter worth $40,000. Finally, Gables Capital Management Inc. bought a new position in Honeywell Aerospace in the 2nd quarter worth $47,000.

Honeywell Aerospace Price Performance

Shares of Honeywell Aerospace stock opened at $164.73 on Monday. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50. The stock has a market capitalization of $52.21 billion and a P/E ratio of 88.09.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on HONA. Argus began coverage on shares of Honeywell Aerospace in a research note on Thursday, July 9th. They set a “buy” rating and a $275.00 target price on the stock. UBS Group decreased their price target on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Wolfe Research began coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating on the stock. 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 report on Wednesday. Finally, Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average 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.