Main Street Financial Solutions LLC Decreases Stock Holdings in Honeywell Aerospace $HONA

Main Street Financial Solutions LLC reduced its position in shares of Honeywell Aerospace (NASDAQ:HONA) by 76.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,176 shares of the company’s stock after selling 6,903 shares during the quarter. Main Street Financial Solutions LLC’s holdings in Honeywell Aerospace were worth $487,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bell Investment Advisors Inc bought a new stake in Honeywell Aerospace in the second quarter worth $29,000. Meeder Asset Management Inc. purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth about $40,000. Trifecta Capital Advisors LLC purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at about $67,000. Finally, Kelleher Financial Advisors purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at about $78,000.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Wells Fargo & Company set a $195.00 price target on Honeywell Aerospace in a research report on Monday, August 10th. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. Vertical Research started coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price objective for the company. Royal Bank Of Canada cut their target price on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Finally, Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Stock Down 0.5%

Shares of HONA opened at $160.76 on Wednesday. The firm has a market cap of $50.95 billion and a PE ratio of 85.97. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last issued its 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. Analysts predict that Honeywell Aerospace will post 7.75 EPS for the current year.

About Honeywell Aerospace

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.