Compass Wealth Management LLC Invests $810,000 in Honeywell Aerospace $HONA

Compass Wealth Management LLC purchased a new position in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, Holdings Channel reports. The fund purchased 3,620 shares of the company’s stock, valued at approximately $810,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in HONA. Bell Investment Advisors Inc bought a new position in Honeywell Aerospace in the second quarter valued at $29,000. Strategic Wealth Advisors LLC bought a new stake in Honeywell Aerospace during the second quarter worth about $29,000. Meeder Asset Management Inc. bought a new stake in Honeywell Aerospace during the second quarter worth about $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Honeywell Aerospace during the second quarter worth about $40,000. Finally, Gables Capital Management Inc. purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth about $47,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HONA shares. UBS Group dropped their target price on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Royal Bank Of Canada decreased their price target on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Morgan Stanley set a $205.00 price objective on shares of Honeywell Aerospace in a report on Friday, August 7th. BNP Paribas Exane cut 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 note on Thursday, August 6th. Finally, Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Trading Down 0.5%

Shares of NASDAQ HONA opened at $160.76 on Wednesday. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50. The firm has a market capitalization of $50.95 billion and a P/E ratio of 85.97.

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 firm had revenue of $4.35 billion for the quarter. On average, analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

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.