Jefferies Financial Group Inc. Makes New $7.26 Million Investment in Honeywell Aerospace $HONA

Jefferies Financial Group Inc. bought a new position in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 32,826 shares of the company’s stock, valued at approximately $7,257,000.

A number of other institutional investors have also made changes to their positions in HONA. BlackRock Inc. bought a new position in Honeywell Aerospace during the second quarter worth $5,253,341,000. Bank of America Corp DE acquired a new position in Honeywell Aerospace in the second quarter worth $1,034,187,000. Bank of New York Mellon Corp bought a new stake in Honeywell Aerospace during the second quarter valued at $644,412,000. Legal & General Group Plc bought a new stake in Honeywell Aerospace during the second quarter valued at $370,665,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Honeywell Aerospace during the second quarter worth $205,658,000.

Honeywell Aerospace Trading Down 2.0%

Shares of HONA opened at $160.75 on Friday. The company’s fifty day moving average price is $195.92. The firm has a market capitalization of $50.95 billion and a P/E ratio of 85.96. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last released its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The firm had revenue of $4.35 billion during the quarter. On average, equities analysts expect that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HONA. BMO Capital Markets reduced their price target on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. Melius Research upgraded shares of Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. Argus assumed coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They issued a “buy” rating and a $275.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on shares of Honeywell Aerospace in a report on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price on the stock. Finally, BNP Paribas Exane decreased their target price on 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 equities research 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’s stock. Based on data from MarketBeat.com, Honeywell Aerospace presently has a consensus rating of “Hold” and an average price target 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.