Nykredit A S Takes Position in Honeywell Aerospace $HONA

Nykredit A S acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 85,165 shares of the company’s stock, valued at approximately $18,824,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Ironvine Capital Partners LLC acquired a new position in Honeywell Aerospace in the second quarter valued at about $10,452,000. SFE Investment Counsel acquired a new stake in shares of Honeywell Aerospace during the second quarter valued at about $2,981,000. Nwam LLC acquired a new stake in shares of Honeywell Aerospace during the second quarter valued at about $3,813,000. MidFirst Bank purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $5,608,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Honeywell Aerospace in the 2nd quarter worth approximately $8,809,000.

Analyst Ratings Changes

A number of equities analysts recently weighed in on HONA shares. Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. UBS Group decreased their target price on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. BMO Capital Markets lowered their target price on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. JPMorgan Chase & Co. began coverage on Honeywell Aerospace in a research report on Friday, July 10th. They issued a “neutral” rating and a $255.00 price target on the stock. Finally, Vertical Research initiated coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price objective for the company. One research 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 company. According to data from MarketBeat, Honeywell Aerospace currently has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Stock Up 3.9%

NASDAQ:HONA opened at $161.01 on Friday. The stock has a market capitalization of $51.03 billion and a price-to-earnings ratio of 86.10. The company has a fifty day simple moving average of $191.08. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50.

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. On average, equities research analysts anticipate that Honeywell Aerospace will post 7.75 EPS 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.