Van Hulzen Asset Management LLC Makes New $2.14 Million Investment in Honeywell Aerospace $HONA

Van Hulzen Asset Management LLC acquired a new position in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, Holdings Channel reports. The firm acquired 9,554 shares of the company’s stock, valued at approximately $2,139,000.

Several other large investors also recently added to or reduced their stakes in the business. Grandfield & Dodd LLC bought a new position in Honeywell Aerospace in the second quarter worth approximately $759,000. SCS Capital Management LLC bought a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $1,821,000. SFE Investment Counsel bought a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $2,981,000. MidFirst Bank bought a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $5,608,000. Finally, IMC Chicago LLC purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter worth $10,508,000.

Honeywell Aerospace Stock Down 2.1%

Shares of HONA stock opened at $161.20 on Tuesday. 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 $51.09 billion and a price-to-earnings ratio of 86.20.

Honeywell Aerospace (NASDAQ:HONA) last posted its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The business had revenue of $4.35 billion for the quarter. Analysts expect that Honeywell Aerospace will post 7.75 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on HONA. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. Vertical Research began coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price objective on the stock. Evercore set a $210.00 price objective on Honeywell Aerospace in a research note on Thursday, August 6th. Wells Fargo & Company set a $195.00 price objective on Honeywell Aerospace in a research report on Monday, August 10th. Finally, BMO Capital Markets reduced their target price on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $224.17.

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.