Monaco Asset Management SAM Purchases New Shares in Honeywell Aerospace $HONA

Monaco Asset Management SAM purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 20,000 shares of the company’s stock, valued at approximately $4,478,000. Honeywell Aerospace accounts for about 0.4% of Monaco Asset Management SAM’s holdings, making the stock its 18th largest position.

A number of other institutional investors have also recently added to or reduced their stakes in HONA. Bell Investment Advisors Inc purchased a new position in Honeywell Aerospace in the 2nd quarter valued at about $29,000. Trifecta Capital Advisors LLC purchased a new stake in shares of Honeywell Aerospace during the second quarter worth about $67,000. Kelleher Financial Advisors purchased a new stake in shares of Honeywell Aerospace during the second quarter worth about $78,000. J.Safra Asset Management Corp acquired a new position in shares of Honeywell Aerospace in the second quarter worth about $124,000. Finally, One Wealth Advisors LLC acquired a new position in shares of Honeywell Aerospace in the second quarter worth about $210,000.

Wall Street Analyst Weigh In

A number of research analysts recently commented on HONA shares. Wells Fargo & Company set a $195.00 price target on Honeywell Aerospace in a report on Monday, August 10th. Argus assumed coverage on Honeywell Aerospace in a research report on Thursday, July 9th. They issued a “buy” rating and a $275.00 target price on the stock. Vertical Research initiated coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They set a “hold” rating and a $243.00 target price for the company. Royal Bank Of Canada reduced their target price on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research note 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 target for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Honeywell Aerospace currently has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Trading Down 2.9%

Shares of Honeywell Aerospace stock opened at $161.56 on Tuesday. 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 $51.21 billion and a PE 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 EPS for the quarter. The firm had revenue of $4.35 billion during the quarter. Sell-side analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current year.

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.