88,196 Shares in Honeywell Aerospace $HONA Purchased by Nan Fung Trinity HK Ltd.

Nan Fung Trinity HK Ltd. acquired a new stake in Honeywell Aerospace (NASDAQ:HONA – Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 88,196 shares of the company’s stock, valued at approximately $13,668,000.

Several other large investors also recently modified their holdings of the company. Washington Trust Advisors Inc. lifted its holdings in Honeywell Aerospace by 13.4% in the third quarter. Washington Trust Advisors Inc. now owns 523 shares of the company’s stock valued at $81,000 after buying an additional 62 shares during the period. Summit Wealth Group LLC Co. grew its holdings in Honeywell Aerospace by 5.2% during the 3rd quarter. Summit Wealth Group LLC Co. now owns 1,387 shares of the company’s stock worth $215,000 after acquiring an additional 69 shares during the period. Cornerstone Wealth Management LLC raised its position in shares of Honeywell Aerospace by 1.9% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 3,639 shares of the company’s stock worth $564,000 after acquiring an additional 69 shares in the last quarter. BIP Wealth LLC raised its position in shares of Honeywell Aerospace by 2.2% in the 3rd quarter. BIP Wealth LLC now owns 3,297 shares of the company’s stock worth $511,000 after acquiring an additional 70 shares in the last quarter. Finally, Confluence Wealth Services Inc. lifted its stake in shares of Honeywell Aerospace by 1.4% in the 3rd quarter. Confluence Wealth Services Inc. now owns 5,212 shares of the company’s stock valued at $808,000 after purchasing an additional 72 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. 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 research note on Thursday, August 6th. Wells Fargo & Company set a $195.00 price target on Honeywell Aerospace in a research note on Monday, August 10th. Argus set a $210.00 price target on Honeywell Aerospace in a research note on Friday, October 9th. Zacks Research upgraded Honeywell Aerospace from a “strong sell” rating to a “hold” rating in a report on Monday, November 2nd. Finally, Royal Bank Of Canada reduced their price objective on shares of Honeywell Aerospace from $250.00 to $210.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Four investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $196.47.

Check Out Our Latest Stock Report on HONA

Key Honeywell Aerospace News

Here’s some of the latest news about HONA:

Honeywell Aerospace Stock Down 1.9%

Shares of NASDAQ HONA opened at $166.23 on Friday. The firm has a market capitalization of $52.70 billion and a price-to-earnings ratio of 40.74. The firm’s 50-day moving average is $160.05. Honeywell Aerospace has a 1-year low of $147.40 and a 1-year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported $2.21 EPS for the quarter, beating the consensus estimate of $1.90 by $0.31. The firm had revenue of $4.64 billion during the quarter. Sell-side analysts forecast that Honeywell Aerospace will post 7.93 earnings per share for the current fiscal year.

Honeywell Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, November 13th.

Honeywell Aerospace Company Profile

(Free Report)

Honeywell Aerospace develops and supplies systems and services for commercial aviation, business and general aviation, defense, and space customers. Its offerings include aircraft engines and auxiliary power units, avionics, flight-control and navigation systems, connectivity and safety technologies, and aircraft wheels and brakes. The company also provides maintenance, repair, overhaul, and other aftermarket support for aircraft equipment. Its customers include aircraft manufacturers, airlines, business-jet operators, and government and defense organizations around the world.

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Institutional Ownership by Quarter for Honeywell Aerospace (NASDAQ:HONA)

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