Grandfield & Dodd LLC Buys Shares of 3,390 Honeywell Aerospace $HONA

Grandfield & Dodd LLC acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 3,390 shares of the company’s stock, valued at approximately $750,000.

Other hedge funds also recently added to or reduced their stakes in the company. SCS Capital Management LLC acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at $1,821,000. SFE Investment Counsel purchased a new stake in Honeywell Aerospace during the second quarter worth approximately $2,981,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter worth approximately $8,809,000. IMC Chicago LLC purchased a new stake in Honeywell Aerospace in the second quarter valued at $10,508,000. Finally, Baxter Bros Inc. acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $4,946,000.

Honeywell Aerospace Trading Down 2.9%

Shares of NASDAQ:HONA opened at $161.56 on Tuesday. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The stock has a market capitalization of $51.21 billion and a price-to-earnings ratio of 86.40.

Honeywell Aerospace (NASDAQ:HONA) last posted its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The firm had revenue of $4.35 billion for the quarter. Sell-side analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

HONA has been the subject of a number of recent research reports. Argus assumed coverage on shares of Honeywell Aerospace in a research note on Thursday, July 9th. They set a “buy” rating and a $275.00 price target for the company. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Zacks Research raised shares of Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Morgan Stanley set a $205.00 target price on Honeywell Aerospace in a research report on Friday, August 7th. Finally, Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently 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.