Haverford Financial Services Inc. Makes New Investment in Honeywell Aerospace $HONA

Haverford Financial Services Inc. purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,981 shares of the company’s stock, valued at approximately $6,849,000. Honeywell Aerospace accounts for approximately 2.0% of Haverford Financial Services Inc.’s portfolio, making the stock its 20th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in HONA. BlackRock Inc. bought a new position in shares of Honeywell Aerospace in the second quarter worth about $5,253,341,000. Bank of New York Mellon Corp bought a new stake in Honeywell Aerospace during the 2nd quarter valued at approximately $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Honeywell Aerospace during the 2nd quarter valued at approximately $205,658,000. Deutsche Bank AG acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at approximately $152,933,000. Finally, Haverford Trust Co acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at approximately $98,787,000.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HONA. UBS Group cut their price target on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Melius Research upgraded shares of Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. Argus started coverage on shares of Honeywell Aerospace in a research report on Thursday, July 9th. They set a “buy” rating and a $275.00 target price on the stock. Evercore set a $210.00 target price on shares of Honeywell Aerospace in a research report on Thursday, August 6th. Finally, BNP Paribas Exane cut their target price 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. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Honeywell Aerospace has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Price Performance

NASDAQ:HONA opened at $164.73 on Monday. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50. The stock has a market cap of $52.21 billion and a PE ratio of 88.09.

Honeywell Aerospace (NASDAQ:HONA) last posted its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The business had revenue of $4.35 billion during the quarter. On average, equities research analysts expect 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.