MidFirst Bank Takes Position in Honeywell Aerospace $HONA

MidFirst Bank bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 25,397 shares of the company’s stock, valued at approximately $5,686,000.

Other institutional investors have also made changes to their positions in the company. Bell Investment Advisors Inc bought a new stake in Honeywell Aerospace in the 2nd quarter valued at $29,000. Trifecta Capital Advisors LLC acquired a new stake in Honeywell Aerospace during the 2nd quarter valued at $67,000. Kelleher Financial Advisors bought a new position in Honeywell Aerospace during the second quarter worth $78,000. J.Safra Asset Management Corp bought a new position in Honeywell Aerospace during the second quarter worth $124,000. Finally, Dunhill Financial LLC acquired a new position in shares of Honeywell Aerospace in the second quarter valued at $144,000.

Analyst Ratings Changes

HONA has been the topic of several research analyst reports. BMO Capital Markets dropped their price objective on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. Argus initiated coverage on shares of Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 price target on the stock. Wells Fargo & Company set a $195.00 price target on shares of Honeywell Aerospace in a report on Monday, August 10th. Finally, Morgan Stanley set a $205.00 price objective on shares of Honeywell Aerospace in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Honeywell Aerospace has a consensus rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Trading Down 2.9%

Shares of NASDAQ HONA opened at $161.56 on Tuesday. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50. The firm has a market capitalization of $51.21 billion and a price-to-earnings ratio of 86.40.

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

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.