Trust Co. of Vermont Makes New Investment in Honeywell Aerospace $HONA

Trust Co. of Vermont bought a new stake in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, HoldingsChannel reports. The institutional investor bought 91,239 shares of the company’s stock, valued at approximately $20,428,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of HONA. Bell Investment Advisors Inc bought a new position in shares of Honeywell Aerospace during the 2nd quarter valued at approximately $29,000. Trifecta Capital Advisors LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $67,000. Kelleher Financial Advisors purchased a new position in Honeywell Aerospace in the second quarter valued at approximately $78,000. J.Safra Asset Management Corp purchased a new position in Honeywell Aerospace in the second quarter valued at approximately $124,000. Finally, One Wealth Advisors LLC bought a new position in Honeywell Aerospace during the second quarter valued at $210,000.

Honeywell Aerospace Stock Down 2.9%

Honeywell Aerospace stock opened at $161.56 on Tuesday. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50. The company has a market capitalization of $51.21 billion and a P/E ratio of 86.40.

Honeywell Aerospace (NASDAQ:HONA) last issued 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. Sell-side analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on HONA shares. BMO Capital Markets decreased their target price on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Jefferies Financial Group set a $175.00 price target on Honeywell Aerospace in a research report on Sunday, August 9th. Evercore set a $210.00 price target on Honeywell Aerospace in a research note on Thursday, August 6th. UBS Group decreased their price objective on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Finally, TD Cowen started coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Honeywell Aerospace presently has an average rating of “Hold” and a consensus 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.