Honeywell Aerospace (NASDAQ:HONA) Trading Down 1.1% – What’s Next?

Shares of Honeywell Aerospace (NASDAQ:HONA) dropped 1.1% during trading on Wednesday . The stock traded as low as $151.97 and last traded at $152.55. 2,719,483 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 3,585,089 shares. The stock had previously closed at $154.24.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on HONA shares. Evercore set a $210.00 price objective on Honeywell Aerospace in a research report on Thursday, August 6th. TD Cowen assumed coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating and a $250.00 price target for the company. BMO Capital Markets reduced their price objective on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a report on Friday, July 10th. They set a “neutral” rating and a $255.00 price objective on the stock. Finally, Vertical Research assumed coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They set a “hold” rating and a $243.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Trading Up 1.6%

The firm has a market capitalization of $49.11 billion and a PE ratio of 82.87. The company’s fifty day moving average price is $191.72.

Honeywell Aerospace (NASDAQ:HONA) last posted 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. As a group, research analysts expect that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Ameliora Wealth Management Ltd. purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter worth $25,000. Leo H. Evart Inc. purchased a new stake in Honeywell Aerospace in the second quarter worth about $26,000. Outlook Capital Management LLC purchased a new position in Honeywell Aerospace during the 2nd quarter valued at about $26,000. Meeder Asset Management Inc. purchased a new position in Honeywell Aerospace during the 2nd quarter valued at about $29,000. Finally, Bell Investment Advisors Inc bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $29,000.

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.