Round Rock Advisors LLC Invests $990,000 in Honeywell Aerospace $HONA

Round Rock Advisors LLC purchased a new stake in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,480 shares of the company’s stock, valued at approximately $990,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Honeywell Aerospace in the 2nd quarter valued at approximately $5,253,341,000. Wellington Management Group LLP bought a new stake in Honeywell Aerospace during the 2nd quarter valued at $1,705,882,000. Bank of America Corp DE purchased a new stake in shares of Honeywell Aerospace during the second quarter worth $1,034,187,000. Bank of New York Mellon Corp purchased a new stake in shares of Honeywell Aerospace during the second quarter worth $644,412,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Honeywell Aerospace in the second quarter worth $370,544,000.

Analyst Ratings Changes

Several equities analysts have recently weighed in on HONA shares. Evercore set a $210.00 price target on Honeywell Aerospace in a research report on Thursday, August 6th. BMO Capital Markets dropped their price objective on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. BNP Paribas Exane cut their target price on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. 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. Finally, Vertical Research began coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They set a “hold” rating and a $243.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Honeywell Aerospace currently has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Stock Performance

Shares of NASDAQ:HONA opened at $152.55 on Thursday. The firm has a fifty day moving average price of $192.52. The company has a market cap of $48.35 billion and a P/E ratio of 81.58. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last released its quarterly earnings results 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 during the quarter. As a group, sell-side 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.