IMC Chicago LLC Purchases New Stake in Honeywell Aerospace $HONA

IMC Chicago LLC purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 47,532 shares of the company’s stock, valued at approximately $10,508,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bell Investment Advisors Inc bought a new position in shares of Honeywell Aerospace in the second quarter valued at about $29,000. Strategic Wealth Advisors LLC bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth about $29,000. Meeder Asset Management Inc. bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Honeywell Aerospace in the 2nd quarter valued at about $40,000. Finally, Gables Capital Management Inc. acquired a new position in Honeywell Aerospace in the 2nd quarter valued at about $47,000.

Honeywell Aerospace Stock Performance

Shares of NASDAQ:HONA opened at $162.37 on Friday. The stock’s 50 day simple moving average is $195.14. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The firm has a market cap of $51.46 billion and a price-to-earnings ratio of 86.83.

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 business had revenue of $4.35 billion for the quarter. Analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HONA has been the subject of several research reports. Wolfe Research started coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating for the company. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. TD Cowen assumed coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating and a $250.00 target price on the stock. UBS Group lowered their target price on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Finally, Morgan Stanley upgraded Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target for the company in a research note on Wednesday, August 19th. One equities research 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.