Edge Wealth Management LLC Takes $6.12 Million Position in Honeywell Aerospace $HONA

Edge Wealth Management LLC acquired a new position in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 27,700 shares of the company’s stock, valued at approximately $6,124,000. Honeywell Aerospace comprises 1.0% of Edge Wealth Management LLC’s portfolio, making the stock its 26th largest position.

Several other institutional investors have also added to or reduced their stakes in HONA. Ironvine Capital Partners LLC purchased a new stake in shares of Honeywell Aerospace during the second quarter valued at $10,452,000. California State Teachers Retirement System purchased a new position in Honeywell Aerospace in the 2nd quarter worth about $24,053,526,000. SFE Investment Counsel bought a new position in Honeywell Aerospace during the 2nd quarter valued at about $2,981,000. Werlinich Asset Management LLC purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at about $1,478,000. Finally, MidFirst Bank bought a new stake in shares of Honeywell Aerospace in the second quarter worth approximately $5,608,000.

Analysts Set New Price Targets

A number of brokerages have weighed in on HONA. Royal Bank Of Canada decreased their target price on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, August 6th. Evercore set a $210.00 target price on Honeywell Aerospace in a report on Thursday, August 6th. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. Morgan Stanley upgraded shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective on the stock in a research note on Wednesday, August 19th. Finally, Vertical Research began coverage on shares of 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Stock Performance

Shares of HONA traded down $5.59 during mid-day trading on Tuesday, reaching $155.42. The stock had a trading volume of 4,514,827 shares, compared to its average volume of 3,600,296. The business’s fifty day moving average price is $189.76. The firm has a market capitalization of $49.26 billion and a price-to-earnings ratio of 83.11. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last released its earnings results 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 for the quarter. As a group, equities analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

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.