NS Partners Ltd Makes New Investment in Honeywell Aerospace $HONA

NS Partners Ltd acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 40,892 shares of the company’s stock, valued at approximately $9,040,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $29,000. Bell Investment Advisors Inc acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $29,000. Strategic Wealth Advisors LLC bought a new position in shares of Honeywell Aerospace in the second quarter worth $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Honeywell Aerospace in the second quarter valued at about $40,000. Finally, Gables Capital Management Inc. bought a new stake in Honeywell Aerospace during the second quarter worth about $47,000.

Honeywell Aerospace Price Performance

Shares of HONA stock opened at $158.11 on Tuesday. The company has a market capitalization of $50.11 billion and a PE ratio of 84.55. The firm has a 50 day moving average of $194.29. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on HONA. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. Wolfe Research assumed coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating on the stock. Vertical Research started coverage on Honeywell Aerospace in a report on Wednesday, July 1st. They set a “hold” rating and a $243.00 price target for the company. Evercore set a $210.00 price objective on Honeywell Aerospace in a research report on Thursday, August 6th. Finally, BNP Paribas Exane dropped their target price on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a report 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 issued a Hold rating to the stock. According to data from MarketBeat, Honeywell Aerospace currently has a consensus rating of “Hold” and an average target price of $224.17.

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.