Johnson Financial Group Inc. Invests $1.45 Million in Honeywell Aerospace $HONA

Johnson Financial Group Inc. purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 6,555 shares of the company’s stock, valued at approximately $1,449,000.

Several other large investors have also recently added to or reduced their stakes in HONA. Bell Investment Advisors Inc purchased a new stake in shares of Honeywell Aerospace during the second quarter worth $29,000. Strategic Wealth Advisors LLC bought a new stake in Honeywell Aerospace during the second quarter worth approximately $29,000. Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace in the 2nd quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at about $40,000. Finally, Gables Capital Management Inc. bought a new position in Honeywell Aerospace in the 2nd quarter worth approximately $47,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on HONA shares. UBS Group cut their price objective on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Wolfe Research began coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating on the stock. Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. Finally, BNP Paribas Exane lowered 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 investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Price Performance

Shares of HONA stock opened at $170.76 on Thursday. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The firm has a market capitalization of $54.12 billion and a PE ratio of 91.31.

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

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.