Pure Financial Advisors LLC Makes New $2.30 Million Investment in Honeywell Aerospace $HONA

Pure Financial Advisors LLC purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 10,277 shares of the company’s stock, valued at approximately $2,301,000.

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

Honeywell Aerospace Stock Performance

NASDAQ HONA opened at $164.01 on Thursday. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50. The stock has a 50-day simple moving average of $196.77. The company has a market capitalization of $51.98 billion and a price-to-earnings ratio of 87.71.

Honeywell Aerospace (NASDAQ:HONA) last issued its 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. On average, sell-side analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on HONA shares. TD Cowen began coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating and a $250.00 price objective on the stock. Wells Fargo & Company set a $195.00 target price on shares of Honeywell Aerospace in a research note on Monday, August 10th. Wolfe Research started coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating on the stock. JPMorgan Chase & Co. initiated coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They issued a “neutral” rating and a $255.00 price target for the company. Finally, Morgan Stanley upgraded shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective on the stock in a research report on Wednesday, August 19th. One investment 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 company’s stock. Based on data from MarketBeat, Honeywell Aerospace presently has an average 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.