Summit Asset Management LLC Buys Shares of 4,888 Honeywell Aerospace $HONA

Summit Asset Management LLC acquired a new position in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,888 shares of the company’s stock, valued at approximately $1,081,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Trifecta Capital Advisors LLC bought a new position in Honeywell Aerospace in the second quarter worth approximately $67,000. Kelleher Financial Advisors bought a new stake in Honeywell Aerospace during the 2nd quarter valued at $78,000. One Wealth Advisors LLC bought a new stake in Honeywell Aerospace during the 2nd quarter valued at $210,000. Bridgewater Advisors Inc. purchased a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $236,000. Finally, Next Capital Management LLC bought a new position in shares of Honeywell Aerospace in the 2nd quarter worth $270,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HONA. JPMorgan Chase & Co. started coverage on shares of Honeywell Aerospace in a report on Friday, July 10th. They issued a “neutral” rating and a $255.00 price target on the stock. Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. Argus started coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price target on the stock. BNP Paribas Exane reduced their price target on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Finally, Wells Fargo & Company set a $195.00 price objective on Honeywell Aerospace in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Honeywell Aerospace currently has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Stock Performance

Shares of HONA opened at $166.36 on Friday. The stock has a market cap of $52.73 billion and a price-to-earnings ratio of 88.96. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week 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, analysts expect that Honeywell Aerospace will post 7.75 EPS for the current 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.