Petrus Trust Company LTA Takes Position in Honeywell Aerospace $HONA

Petrus Trust Company LTA bought a new stake in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 39,646 shares of the company’s stock, valued at approximately $8,765,000. Honeywell Aerospace makes up approximately 0.8% of Petrus Trust Company LTA’s holdings, making the stock its 23rd biggest holding.

A number of other institutional investors and hedge funds have also modified their holdings of HONA. Bell Investment Advisors Inc acquired a new stake in Honeywell Aerospace in the second quarter valued at $29,000. Strategic Wealth Advisors LLC acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at about $29,000. Meeder Asset Management Inc. purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $40,000. Finally, Gables Capital Management Inc. acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $47,000.

Honeywell Aerospace Price Performance

HONA opened at $164.01 on Thursday. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50. The business has a 50 day moving average of $196.77. The firm has a market capitalization of $51.98 billion and a PE ratio of 87.71.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a research note on Sunday, August 9th. BNP Paribas Exane cut their target price on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Vertical Research initiated coverage on shares of Honeywell Aerospace in a research note on Wednesday, July 1st. They set a “hold” rating and a $243.00 price objective on the stock. UBS Group decreased their target price on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Finally, Evercore set a $210.00 price target on Honeywell Aerospace in a report on Thursday, August 6th. One 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, the stock has a consensus rating of “Hold” and an average 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.