Honeywell Aerospace (NASDAQ:HONA) Trading 3.9% Higher – Time to Buy?

Shares of Honeywell Aerospace (NASDAQ:HONAGet Free Report) rose 3.9% during mid-day trading on Tuesday . The stock traded as high as $217.06 and last traded at $216.48. Approximately 2,736,323 shares traded hands during trading, a decline of 5% from the average session volume of 2,870,050 shares. The stock had previously closed at $208.27.

Trending Headlines about Honeywell Aerospace

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Analyst Upgrades and Downgrades

Several research firms recently weighed in on HONA. Jefferies Financial Group upgraded Honeywell Aerospace from a “hold” rating to a “positive” rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a research note on Friday, July 10th. They set a “neutral” rating and a $255.00 price objective for the company. BMO Capital Markets began coverage on Honeywell Aerospace in a report on Thursday, July 2nd. They issued an “outperform” rating and a $276.00 target price on the stock. Wolfe Research began coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating for the company. Finally, BNP Paribas Exane lowered their price target on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $241.83.

Read Our Latest Report on HONA

Honeywell Aerospace Stock Down 23.2%

Honeywell Aerospace (NASDAQ:HONAGet Free Report) last announced 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.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HONA. Bank of New York Mellon Corp purchased a new stake in Honeywell Aerospace in the second quarter worth approximately $644,412,000. CORDA Investment Management LLC. bought a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $11,607,000. Oppenheimer Asset Management Inc. purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at $8,809,000. SFE Investment Counsel purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at $2,981,000. Finally, SCS Capital Management LLC bought a new position in shares of Honeywell Aerospace during the 2nd quarter valued at $1,821,000.

Honeywell Aerospace Company Profile

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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.

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