SCS Capital Management LLC Invests $1.82 Million in Honeywell Aerospace $HONA

SCS Capital Management LLC purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,134 shares of the company’s stock, valued at approximately $1,821,000.

Several other institutional investors have also made changes to their positions in the stock. Hardy Reed LLC purchased a new position in Honeywell Aerospace during the second quarter valued at approximately $1,151,000. Plan Group Financial LLC purchased a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $270,000. Mill Capital Management LLC purchased a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $419,000. Bryn Mawr Trust Advisors LLC acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $1,301,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $8,809,000.

Honeywell Aerospace Stock Performance

NASDAQ HONA opened at $166.36 on Monday. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The stock has a market cap of $52.73 billion and a price-to-earnings ratio of 88.96.

Honeywell Aerospace (NASDAQ:HONA) last announced its quarterly earnings results 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. Analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Melius Research upgraded shares of Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Vertical Research started coverage on Honeywell Aerospace in a report on Wednesday, July 1st. They set a “hold” rating and a $243.00 price objective for the company. Zacks Research raised Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. TD Cowen began coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating and a $250.00 price objective for the company. Finally, BNP Paribas Exane lowered their target price on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average 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.