Principle Wealth Partners LLC Purchases New Shares in Honeywell Aerospace $HONA

Principle Wealth Partners LLC purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, HoldingsChannel.com reports. The firm purchased 8,231 shares of the company’s stock, valued at approximately $1,820,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc acquired a new position in Honeywell Aerospace in the 2nd quarter worth $29,000. 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 stake in shares of Honeywell Aerospace during the second quarter worth about $78,000. J.Safra Asset Management Corp acquired a new position in shares of Honeywell Aerospace in the second quarter worth about $124,000. Finally, One Wealth Advisors LLC acquired a new position in shares of Honeywell Aerospace in the second quarter worth about $210,000.

Honeywell Aerospace Trading Down 2.9%

Shares of Honeywell Aerospace stock opened at $161.56 on Tuesday. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50. The stock has a market capitalization of $51.21 billion and a PE ratio of 86.40.

Honeywell Aerospace (NASDAQ:HONA) last posted its quarterly 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 during the quarter. Sell-side analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HONA. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Royal Bank Of Canada cut their target price on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Vertical Research began coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They set a “hold” rating and a $243.00 target price for the company. Wells Fargo & Company set a $195.00 price target on shares of Honeywell Aerospace in a research report on Monday, August 10th. Finally, Morgan Stanley set a $205.00 price target on shares of Honeywell Aerospace in a research note on Friday, August 7th. One equities research 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $224.17.

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.