Simplicity Wealth LLC Acquires New Position in Honeywell Aerospace $HONA

Simplicity Wealth LLC acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,509 shares of the company’s stock, valued at approximately $1,010,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp purchased a new position in Honeywell Aerospace during the second quarter worth about $644,412,000. CORDA Investment Management LLC. purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $11,607,000. IMC Chicago LLC acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter worth approximately $10,508,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter worth approximately $8,809,000. Finally, Baxter Bros Inc. acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter worth approximately $5,018,000.

Analyst Ratings Changes

Several equities analysts have recently commented on HONA shares. UBS Group decreased their price target on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. JPMorgan Chase & Co. began coverage on Honeywell Aerospace in a research report on Friday, July 10th. They set a “neutral” rating and a $255.00 price objective for the company. Wells Fargo & Company set a $195.00 price objective on shares of Honeywell Aerospace in a report on Monday, August 10th. Argus started coverage on shares of Honeywell Aerospace in a research report on Thursday, July 9th. They issued a “buy” rating and a $275.00 target price on the stock. Finally, Wolfe Research started coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Price Performance

Shares of Honeywell Aerospace stock opened at $166.36 on Monday. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50. The stock has a market cap of $52.73 billion and a PE ratio of 88.96.

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