Symphony Financial Ltd. Co. Takes Position in Honeywell Aerospace $HONA

Symphony Financial Ltd. Co. purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,528 shares of the company’s stock, valued at approximately $903,000.

Other large investors have also modified their holdings of the company. Bell Investment Advisors Inc acquired a new position in Honeywell Aerospace during the 2nd quarter valued at about $29,000. Meeder Asset Management Inc. acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $40,000. Triumph Capital Management bought a new stake in shares of Honeywell Aerospace during the second quarter valued at approximately $43,000. Finally, Gables Capital Management Inc. bought a new stake in shares of Honeywell Aerospace during the second quarter valued at approximately $47,000.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. TD Cowen initiated coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating and a $250.00 price objective for the company. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. Evercore set a $210.00 price target on Honeywell Aerospace in a research note on Thursday, August 6th. Wolfe Research assumed coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They set a “neutral” rating and a $255.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Honeywell Aerospace presently has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Stock Performance

NASDAQ:HONA opened at $154.24 on Wednesday. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50. The firm’s 50-day simple moving average is $193.40. The company has a market cap of $48.89 billion and a price-to-earnings ratio of 82.48.

Honeywell Aerospace (NASDAQ:HONA) last released its earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The business had revenue of $4.35 billion during the quarter. As a group, equities analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current year.

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.