Northcape Wealth Management LLC Purchases New Holdings in Honeywell Aerospace $HONA

Northcape Wealth Management LLC purchased a new stake in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,751 shares of the company’s stock, valued at approximately $1,288,000.

Several other institutional investors have also recently made changes to their positions in the stock. Bell Investment Advisors Inc bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth approximately $29,000. Strategic Wealth Advisors LLC acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $29,000. Meeder Asset Management Inc. bought a new position in shares of Honeywell Aerospace in the second quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Honeywell Aerospace in the second quarter valued at $40,000. Finally, Gables Capital Management Inc. acquired a new position in Honeywell Aerospace during the second quarter worth $47,000.

Honeywell Aerospace Trading Up 6.2%

HONA opened at $170.76 on Thursday. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50. The firm has a market capitalization of $54.12 billion and a P/E ratio of 91.31.

Honeywell Aerospace (NASDAQ:HONA) last announced its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The business had revenue of $4.35 billion for the quarter. As a group, equities analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HONA shares. JPMorgan Chase & Co. began coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They set a “neutral” rating and a $255.00 price target on the stock. Wells Fargo & Company set a $195.00 price objective on shares of Honeywell Aerospace in a research report on Monday, August 10th. UBS Group lowered their price objective on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. TD Cowen initiated coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating and a $250.00 target price on the stock. Finally, Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.