Nixon Capital LLC Invests $7.55 Million in Honeywell Aerospace $HONA

Nixon Capital LLC purchased a new position in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,148 shares of the company’s stock, valued at approximately $7,549,000. Honeywell Aerospace accounts for about 2.4% of Nixon Capital LLC’s investment portfolio, making the stock its 17th biggest position.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on HONA. UBS Group dropped their price target 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. Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. Zacks Research raised shares of Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Morgan Stanley upgraded shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price for the company in a research report on Wednesday. Finally, Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Honeywell Aerospace currently has a consensus rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Stock Performance

NASDAQ HONA opened at $164.73 on Monday. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50. The stock has a market cap of $52.21 billion and a price-to-earnings ratio of 88.09.

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 firm had revenue of $4.35 billion for the quarter. On average, analysts predict that Honeywell Aerospace will post 7.75 EPS for the current fiscal 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.