Sigma Planning Corp Makes New $2.88 Million Investment in Honeywell Aerospace $HONA

Sigma Planning Corp acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,859 shares of the company’s stock, valued at approximately $2,879,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. acquired a new stake in Honeywell Aerospace during the second quarter worth about $5,253,341,000. Wellington Management Group LLP purchased a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $1,705,882,000. Bank of America Corp DE purchased a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $1,034,187,000. Bank of New York Mellon Corp purchased a new position in shares of Honeywell Aerospace during the 2nd quarter valued at approximately $644,412,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $377,905,000.

Honeywell Aerospace Stock Performance

HONA opened at $158.11 on Tuesday. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50. The stock’s 50 day moving average price is $194.29. The firm has a market capitalization of $50.11 billion and a price-to-earnings ratio of 84.55.

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

Analysts Set New Price Targets

Several analysts recently commented on HONA shares. Vertical Research began coverage on shares of Honeywell Aerospace in a research report on Wednesday, July 1st. They set a “hold” rating and a $243.00 price target on the stock. Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. JPMorgan Chase & Co. assumed coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price on the stock. BNP Paribas Exane decreased their price target on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Finally, Wells Fargo & Company set a $195.00 price objective on Honeywell Aerospace in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Honeywell Aerospace currently has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace 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.