Tocqueville Asset Management L.P. Acquires Shares of 93,479 Honeywell Aerospace $HONA

Tocqueville Asset Management L.P. acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, HoldingsChannel.com reports. The fund acquired 93,479 shares of the company’s stock, valued at approximately $20,930,000.

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

Honeywell Aerospace Price Performance

HONA stock opened at $170.76 on Thursday. The company has a market cap of $54.12 billion and a PE ratio of 91.31. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month 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. On average, analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HONA has been the topic of a number of recent analyst reports. Jefferies Financial Group set a $175.00 price objective on Honeywell Aerospace in a report on Sunday, August 9th. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Argus began coverage on shares of Honeywell Aerospace in a research report on Thursday, July 9th. They set a “buy” rating and a $275.00 target price on the stock. Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. Finally, Wells Fargo & Company set a $195.00 price target on shares of Honeywell Aerospace in a research note on Monday, August 10th. One investment 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $224.17.

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.