Oakmont Investment Advisors Inc. Makes New Investment in Honeywell Aerospace $HONA

Oakmont Investment Advisors Inc. acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 4,633 shares of the company’s stock, valued at approximately $1,024,000.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HONA. Wells Fargo & Company set a $195.00 price objective on Honeywell Aerospace in a research report on Monday, August 10th. BNP Paribas Exane reduced their target price on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Royal Bank Of Canada decreased their price target on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. JPMorgan Chase & Co. assumed coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They issued a “neutral” rating and a $255.00 price objective for the company. Finally, Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. One research 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. According to data from MarketBeat.com, Honeywell Aerospace currently has an average rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Price Performance

Shares of NASDAQ:HONA opened at $161.01 on Friday. The firm has a fifty day moving average price of $191.08. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50. The firm has a market cap of $51.03 billion and a P/E ratio of 86.10.

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 firm had revenue of $4.35 billion for the quarter. On average, equities research analysts predict that Honeywell Aerospace will post 7.75 earnings per share 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.