Werlinich Asset Management LLC Takes Position in Honeywell Aerospace $HONA

Werlinich Asset Management LLC purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, HoldingsChannel reports. The firm purchased 6,686 shares of the company’s stock, valued at approximately $1,712,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Honeywell Aerospace in the 2nd quarter valued at about $5,253,341,000. Wellington Management Group LLP acquired a new position in Honeywell Aerospace in the second quarter valued at about $1,705,882,000. Bank of America Corp DE purchased a new position in Honeywell Aerospace during the second quarter worth about $1,034,187,000. Bank of New York Mellon Corp purchased a new position in Honeywell Aerospace during the second quarter worth about $644,412,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Honeywell Aerospace during the second quarter valued at about $370,544,000.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HONA. BNP Paribas Exane reduced their price target on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Jefferies Financial Group set a $175.00 price objective on shares of Honeywell Aerospace in a research report on Sunday, August 9th. Royal Bank Of Canada dropped their target price on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, August 6th. BMO Capital Markets cut their target price on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. Finally, Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. 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 stock. Based on data from MarketBeat, Honeywell Aerospace has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Stock Performance

NASDAQ HONA opened at $154.96 on Friday. The firm has a market cap of $49.11 billion and a P/E ratio of 82.87. The firm has a 50-day moving average price of $191.72. Honeywell Aerospace has a 1-year low of $150.03 and a 1-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 business had revenue of $4.35 billion for the quarter. On average, sell-side analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Honeywell Aerospace Company 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.