Coastal Bridge Advisors LLC Buys New Stake in Honeywell Aerospace $HONA

Coastal Bridge Advisors LLC purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 35,318 shares of the company’s stock, valued at approximately $7,908,000.

Other institutional investors have also modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in shares of Honeywell Aerospace in the second quarter worth about $29,000. Bell Investment Advisors Inc purchased a new position in Honeywell Aerospace during the second quarter valued at approximately $29,000. Strategic Wealth Advisors LLC purchased a new position in Honeywell Aerospace during the second quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Honeywell Aerospace in the second quarter valued at approximately $40,000. Finally, Gables Capital Management Inc. acquired a new position in Honeywell Aerospace in the second quarter valued at approximately $47,000.

Analysts Set New Price Targets

Several equities research analysts have commented on HONA shares. Morgan Stanley upgraded Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective on the stock in a research report on Wednesday, August 19th. Royal Bank Of Canada lowered their price target on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. Wells Fargo & Company set a $195.00 price objective on shares of Honeywell Aerospace in a report on Monday, August 10th. UBS Group decreased 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. Finally, Argus initiated coverage on shares of Honeywell Aerospace in a research note on Thursday, July 9th. They set a “buy” rating and a $275.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Price Performance

Honeywell Aerospace stock opened at $160.75 on Friday. The stock has a market capitalization of $50.95 billion and a PE ratio of 85.96. The firm has a 50 day simple moving average of $195.92. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50.

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