Meeder Advisory Services Inc. Acquires New Position in Honeywell Aerospace $HONA

Meeder Advisory Services Inc. acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,983 shares of the company’s stock, valued at approximately $1,787,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Grandfield & Dodd LLC purchased a new position in shares of Honeywell Aerospace during the second quarter worth approximately $759,000. SCS Capital Management LLC purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $1,821,000. SFE Investment Counsel purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $2,981,000. MidFirst Bank bought a new position in Honeywell Aerospace in the second quarter worth approximately $5,608,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Honeywell Aerospace in the second quarter worth approximately $8,809,000.

Honeywell Aerospace Stock Performance

NASDAQ HONA opened at $160.76 on Wednesday. The company has a market cap of $50.95 billion and a PE ratio of 85.97. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wolfe Research initiated coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating for 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 Honeywell Aerospace in a research note on Monday, August 10th. TD Cowen started coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating and a $250.00 price objective for the company. Finally, Vertical Research assumed coverage on shares of Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $224.17.

About Honeywell Aerospace

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.