Glenview Trust Co Buys Shares of 180,033 Honeywell Aerospace $HONA

Glenview Trust Co purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 180,033 shares of the company’s stock, valued at approximately $41,805,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Grandfield & Dodd LLC acquired a new position in Honeywell Aerospace in the 2nd quarter valued at $759,000. SCS Capital Management LLC purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth $1,821,000. SFE Investment Counsel acquired a new stake in shares of Honeywell Aerospace during the second quarter worth $2,981,000. MidFirst Bank acquired a new stake in shares of Honeywell Aerospace during the second quarter worth $5,608,000. Finally, IMC Chicago LLC purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at $10,508,000.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a research note on Sunday, August 9th. Vertical Research started coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price target on the stock. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. Morgan Stanley raised shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective for the company in a research note on Wednesday, August 19th. Finally, UBS Group cut their price objective on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Price Performance

Shares of NASDAQ HONA opened at $160.75 on Friday. The stock has a market cap of $50.95 billion and a PE ratio of 85.96. The company’s fifty day moving average is $195.92. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last issued its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The firm had revenue of $4.35 billion during the quarter. On average, sell-side analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

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.