Tiptree Advisors LLC Takes Position in Honeywell Aerospace $HONA

Tiptree Advisors LLC acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,825 shares of the company’s stock, valued at approximately $6,678,000. Honeywell Aerospace accounts for about 4.1% of Tiptree Advisors LLC’s investment portfolio, making the stock its 11th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in Honeywell Aerospace during the second quarter worth about $29,000. Bell Investment Advisors Inc purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $29,000. Strategic Wealth Advisors LLC acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter worth approximately $41,000. Finally, Gables Capital Management Inc. purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at approximately $47,000.

Honeywell Aerospace Price Performance

HONA stock opened at $164.01 on Thursday. The company has a fifty day moving average price of $196.77. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The stock has a market cap of $51.98 billion and a P/E ratio of 87.71.

Honeywell Aerospace (NASDAQ:HONA) last announced its earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The firm had revenue of $4.35 billion for the quarter. Sell-side analysts expect that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. started coverage on Honeywell Aerospace in a research report on Friday, July 10th. They issued a “neutral” rating and a $255.00 price objective for the company. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. Argus assumed coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 price target on the stock. Jefferies Financial Group set a $175.00 price target on Honeywell Aerospace in a report on Sunday, August 9th. Finally, Vertical Research began coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They set a “hold” rating and a $243.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Company 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.