Diversify Advisory Services LLC Buys New Shares in Honeywell Aerospace $HONA

Diversify Advisory Services LLC bought a new position in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 3,678 shares of the company’s stock, valued at approximately $775,000.

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

More Honeywell Aerospace News

Here are the key news stories impacting Honeywell Aerospace this week:

• Positive Sentiment: Morgan Stanley upgraded Honeywell Aerospace to Overweight from Equal-weight and maintained a $205 price target. Analyst Kristine Liwag argued that the recent selloff created an attractive entry point, implying substantial upside from current levels. Honeywell Aerospace Stock Upgraded to Overweight Following Sell-Off
• Positive Sentiment: Multiple reports highlighted Morgan Stanley’s view that Honeywell Aerospace had become “too cheap to ignore.” The upgrade helped drive a sharp rebound in the stock during the prior session and may support investor confidence in the company’s long-term earnings outlook. Honeywell Aerospace is now too cheap to ignore, says Morgan Stanley
• Neutral Sentiment: Analyst coverage remains mixed, suggesting that Morgan Stanley’s bullish stance is not universally shared. Investors are likely balancing the $205 price target against valuation concerns, recent volatility, and uncertainty in the broader market. Honeywell Aerospace Sees Mixed Analyst Views
• Neutral Sentiment: Broader market conditions were also unfavorable, with rising yields and geopolitical concerns weighing on equities. Those macroeconomic pressures could limit the immediate benefit of the Morgan Stanley upgrade. Top Wall Street Analyst Research Calls
• Negative Sentiment: Law firm Bragar Eagel & Squire announced an investigation into Honeywell Aerospace on behalf of shareholders who suffered losses. Although the announcement does not establish wrongdoing, litigation-related headlines can increase uncertainty and weigh on the stock. Honeywell Aerospace Stockholder Alert

Wall Street Analysts Forecast Growth

HONA has been the subject of several analyst reports. Morgan Stanley upgraded Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price for the company in a report on Wednesday. Vertical Research began coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price target on the stock. Argus assumed coverage on Honeywell Aerospace in a research report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price objective for the company. Zacks Research raised Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Finally, Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Stock Performance

HONA stock opened at $165.89 on Friday. The stock has a market capitalization of $52.58 billion and a price-to-earnings ratio of 88.71. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last posted 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 predict 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.