Madison Asset Management LLC Takes Position in Honeywell Aerospace $HONA

Madison Asset Management LLC bought 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 bought 224,998 shares of the company’s stock, valued at approximately $49,743,000. Madison Asset Management LLC owned 0.07% of Honeywell Aerospace at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HONA. Hardy Reed LLC acquired a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $1,151,000. Plan Group Financial LLC acquired a new position in Honeywell Aerospace in the 2nd quarter valued at $270,000. Mill Capital Management LLC acquired a new position in Honeywell Aerospace in the 2nd quarter valued at $419,000. Bryn Mawr Trust Advisors LLC bought a new position in Honeywell Aerospace during the 2nd quarter worth $1,301,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Honeywell Aerospace during the 2nd quarter worth $8,809,000.

Honeywell Aerospace Stock Performance

Shares of Honeywell Aerospace stock opened at $170.76 on Thursday. The stock has a market cap of $54.12 billion and a price-to-earnings ratio of 91.31. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last issued 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 during the quarter. On average, analysts predict that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HONA shares. Morgan Stanley raised shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price for the company in a research report on Wednesday. Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Melius Research upgraded shares of Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. Finally, Argus assumed coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $224.17.

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.