Sanctuary Advisors LLC Makes New $16.32 Million Investment in Honeywell Aerospace $HONA

Sanctuary Advisors LLC acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, Holdings Channel.com reports. The firm acquired 72,897 shares of the company’s stock, valued at approximately $16,322,000.

Several other institutional investors and hedge funds have also modified their holdings of HONA. BlackRock Inc. purchased a new stake in shares of Honeywell Aerospace in the second quarter worth about $5,253,341,000. Bank of New York Mellon Corp purchased a new position in Honeywell Aerospace during the second quarter valued at approximately $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Honeywell Aerospace during the second quarter valued at approximately $205,658,000. Deutsche Bank AG acquired a new position in Honeywell Aerospace in the second quarter valued at approximately $152,933,000. Finally, Haverford Trust Co acquired a new position in Honeywell Aerospace in the second quarter valued at approximately $98,787,000.

Honeywell Aerospace Stock Performance

Shares of HONA opened at $164.73 on Monday. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50. The company has a market capitalization of $52.21 billion and a price-to-earnings ratio of 88.09.

Honeywell Aerospace (NASDAQ:HONA) last announced its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The business had revenue of $4.35 billion for the quarter. Research analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on HONA. UBS Group lowered their price objective on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. TD Cowen initiated coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $250.00 target price for the company. BMO Capital Markets decreased their target price on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Morgan Stanley raised shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target on the stock in a report on Wednesday. Finally, Royal Bank Of Canada dropped their price target on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Honeywell Aerospace has a consensus rating of “Hold” and an average price target 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.