Sigma Planning Corp Takes Position in Honeywell Aerospace $HONA

Sigma Planning Corp purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 14,251 shares of the company’s stock, valued at approximately $3,151,000.

Several other hedge funds have also made changes to their positions in HONA. Meeder Asset Management Inc. bought a new position in Honeywell Aerospace during the 2nd quarter worth $29,000. Bell Investment Advisors Inc bought a new stake in Honeywell Aerospace in the second quarter valued at $29,000. Strategic Wealth Advisors LLC acquired a new position in shares of Honeywell Aerospace during the second quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Honeywell Aerospace during the second quarter valued at $40,000. Finally, Gables Capital Management Inc. bought a new position in shares of Honeywell Aerospace during the second quarter worth about $47,000.

Analyst Ratings Changes

HONA has been the topic of several recent research reports. Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. Argus initiated coverage on shares of Honeywell Aerospace in a research report on Thursday, July 9th. They issued a “buy” rating and a $275.00 target price for the company. Vertical Research initiated coverage on shares of Honeywell Aerospace in a research report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 target price for the company. BNP Paribas Exane dropped 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, Royal Bank Of Canada cut their price target on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. One 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 stock. According to MarketBeat.com, Honeywell Aerospace has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Price Performance

Shares of HONA opened at $162.37 on Monday. The firm has a market capitalization of $51.46 billion and a price-to-earnings ratio of 86.83. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50. The company’s fifty day simple moving average is $195.14.

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 company had revenue of $4.35 billion during the quarter. On average, research analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal 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.