Reynders McVeigh Capital Management LLC Acquires Shares of 4,005 Honeywell Aerospace $HONA

Reynders McVeigh Capital Management LLC bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,005 shares of the company’s stock, valued at approximately $885,000.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Honeywell Aerospace during the second quarter valued at approximately $5,253,341,000. Wellington Management Group LLP bought a new position in Honeywell Aerospace in the second quarter worth $1,705,882,000. Bank of America Corp DE bought a new position in Honeywell Aerospace in the second quarter worth $1,034,187,000. Bank of New York Mellon Corp purchased a new position in Honeywell Aerospace during the second quarter valued at $644,412,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Honeywell Aerospace during the second quarter valued at $370,544,000.

Analyst Upgrades and Downgrades

HONA has been the topic of a number of recent research reports. Evercore set a $210.00 target price on shares of Honeywell Aerospace in a research report on Thursday, August 6th. Royal Bank Of Canada lowered their price target on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. BMO Capital Markets dropped their price objective on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Vertical Research started coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price objective on the stock. Finally, UBS Group decreased their target price on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $221.54.

Honeywell Aerospace News Summary

Here are the key news stories impacting Honeywell Aerospace this week:

• Positive Sentiment: Management’s investor-conference messaging remains supportive: demand was described as durable, backlog is growing and investments in the supply base are intended to improve production over time. These comments may help rebuild confidence after the company reduced its full-year organic-growth outlook in August. Morgan Stanley Laguna Conference Transcript
• Positive Sentiment: Some investors see substantial long-term upside from defense and aerospace spending, including the possibility of a significantly larger U.S. defense budget. Honeywell Aerospace’s exposure to aerospace systems could benefit if procurement increases. Defense Budget Investment Article
• Neutral Sentiment: Honeywell Aerospace has shown relative strength versus the Nasdaq over the past year, and analysts remain moderately constructive overall. However, the broader analyst consensus is still “Hold,” indicating that near-term upside is not viewed as certain. Honeywell Aerospace Relative Performance Article
• Negative Sentiment: Melius Research downgraded HONA from “strong buy” to “hold.” The change likely added selling pressure because it signals reduced conviction in the stock’s near-term risk-reward profile, particularly after the August guidance reduction and the shares’ sizable gap below their 50-day moving average.
• Negative Sentiment: The stock remains sensitive to execution risks, including supply-chain constraints and the need to convert its backlog into higher output and earnings. With a relatively high reported price-to-earnings ratio, investors may demand clearer evidence of accelerating growth before assigning a higher valuation.

Honeywell Aerospace Stock Down 3.4%

Shares of HONA traded down $5.59 during trading hours on Tuesday, hitting $158.49. The company had a trading volume of 5,280,770 shares, compared to its average volume of 3,604,455. The stock has a market capitalization of $50.23 billion and a PE ratio of 84.75. The company’s fifty day moving average is $183.13. Honeywell Aerospace has a 52-week low of $149.19 and a 52-week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last released its quarterly earnings data 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 for the quarter. On average, sell-side analysts predict that Honeywell Aerospace will post 7.75 EPS for the current year.

Honeywell Aerospace Company Profile

Honeywell Aerospace is an aerospace technology company that develops and supplies systems, components and services for commercial aviation, business and general aviation, defense and space markets. Its portfolio includes aircraft engines, auxiliary power units, avionics, flight controls, navigation and communication systems, thermal management equipment, wheels and brakes, and other propulsion and safety technologies.

The company serves aircraft manufacturers, airlines, business aviation operators, military customers and aftermarket service providers around the world.