Haverford Financial Services Inc. Makes New Investment in Honeywell Aerospace $HONA

Haverford Financial Services Inc. bought a new position in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 29,481 shares of the company’s stock, valued at approximately $6,601,000. Honeywell Aerospace makes up approximately 1.9% of Haverford Financial Services Inc.’s investment portfolio, making the stock its 21st largest position.

A number of other institutional investors also recently modified their holdings of HONA. Meeder Asset Management Inc. bought a new position in Honeywell Aerospace in the 2nd quarter worth approximately $29,000. Bell Investment Advisors Inc bought a new stake in Honeywell Aerospace during the 2nd quarter valued at $29,000. Strategic Wealth Advisors LLC bought a new stake in Honeywell Aerospace during the 2nd quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Honeywell Aerospace during the second quarter worth $41,000. Finally, Gables Capital Management Inc. bought a new position in shares of Honeywell Aerospace in the second quarter worth $47,000.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. UBS Group dropped their price objective on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Evercore set a $210.00 price target on Honeywell Aerospace in a research report on Thursday, August 6th. Jefferies Financial Group set a $175.00 price target on shares of Honeywell Aerospace in a report on Sunday, August 9th. JPMorgan Chase & Co. assumed coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They set a “neutral” rating and a $255.00 price objective for the company. Finally, BMO Capital Markets decreased their target price on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Stock Performance

NASDAQ:HONA opened at $164.73 on Monday. The stock has a market capitalization of $52.21 billion and a price-to-earnings ratio of 88.09. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month 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 for the quarter. As a group, research analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

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.