Shepherd Financial Partners LLC Buys Shares of 9,174 Honeywell Aerospace $HONA

Shepherd Financial Partners LLC bought a new position in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,174 shares of the company’s stock, valued at approximately $2,028,000.

Several other hedge funds have also modified their holdings of the company. Bell Investment Advisors Inc bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $29,000. Strategic Wealth Advisors LLC bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $29,000. Meeder Asset Management Inc. bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Honeywell Aerospace during the second quarter valued at approximately $40,000. Finally, Gables Capital Management Inc. purchased a new stake in Honeywell Aerospace during the second quarter valued at approximately $47,000.

Honeywell Aerospace Stock Up 6.2%

HONA stock opened at $170.76 on Thursday. The company has a market capitalization of $54.12 billion and a P/E ratio of 91.31. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50.

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

Analyst Ratings Changes

Several research firms have issued reports on HONA. Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. JPMorgan Chase & Co. began coverage on Honeywell Aerospace in a report on Friday, July 10th. They set a “neutral” rating and a $255.00 price objective for the company. BMO Capital Markets lowered their price objective on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. BNP Paribas Exane dropped 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. Finally, Argus began coverage on Honeywell Aerospace in a research report on Thursday, July 9th. They set a “buy” rating and a $275.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace 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.