Principle Wealth Partners LLC Makes New Investment in Honeywell Aerospace $HONA

Principle Wealth Partners LLC acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, Holdings Channel reports. The institutional investor acquired 8,231 shares of the company’s stock, valued at approximately $1,843,000.

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

Honeywell Aerospace Stock Performance

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 firm has a market capitalization of $51.21 billion and a P/E ratio of 86.40.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. BNP Paribas Exane decreased their price objective on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. UBS Group dropped their target price on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. Jefferies Financial Group set a $175.00 price target on Honeywell Aerospace in a report on Sunday, August 9th. Finally, Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. One equities 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.