HBK Sorce Advisory LLC Acquires Shares of 4,652 Honeywell Aerospace $HONA

HBK Sorce Advisory LLC bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,652 shares of the company’s stock, valued at approximately $1,154,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Trifecta Capital Advisors LLC purchased a new stake in shares of Honeywell Aerospace during the second quarter worth about $67,000. Kelleher Financial Advisors purchased a new position in Honeywell Aerospace in the second quarter valued at about $78,000. J.Safra Asset Management Corp purchased a new position in Honeywell Aerospace in the second quarter valued at about $124,000. One Wealth Advisors LLC acquired a new stake in Honeywell Aerospace during the 2nd quarter valued at approximately $210,000. Finally, Bridgewater Advisors Inc. acquired a new stake in Honeywell Aerospace during the 2nd quarter valued at approximately $236,000.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Zacks Research raised Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. Wells Fargo & Company set a $195.00 price target on shares of Honeywell Aerospace in a research report on Monday, August 10th. Wolfe Research initiated coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating for the company. JPMorgan Chase & Co. started coverage on shares of Honeywell Aerospace in a report on Friday, July 10th. They issued a “neutral” rating and a $255.00 price target on the stock. Finally, Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. One investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Price Performance

Shares of Honeywell Aerospace stock opened at $166.36 on Monday. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The stock has a market capitalization of $52.73 billion and a P/E ratio of 88.96.

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