Compass Wealth Management LLC Invests $799,000 in Honeywell Aerospace $HONA

Compass Wealth Management LLC bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,614 shares of the company’s stock, valued at approximately $799,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new position in Honeywell Aerospace in the 2nd quarter worth approximately $29,000. Bell Investment Advisors Inc purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at approximately $29,000. Strategic Wealth Advisors LLC purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at approximately $40,000. Finally, Gables Capital Management Inc. bought a new stake in shares of Honeywell Aerospace during the second quarter valued at approximately $47,000.

Analysts Set New Price Targets

HONA has been the topic of several research analyst reports. JPMorgan Chase & Co. began coverage on shares of Honeywell Aerospace in a report on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price on the stock. BNP Paribas Exane cut their target price on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. BMO Capital Markets reduced their price target on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. Wells Fargo & Company set a $195.00 price target on shares of Honeywell Aerospace in a research note on Monday, August 10th. Finally, Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Price Performance

Shares of NASDAQ:HONA opened at $160.76 on Wednesday. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50. The firm has a market capitalization of $50.95 billion and a price-to-earnings ratio of 85.97.

Honeywell Aerospace (NASDAQ:HONA) last announced 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. As a group, research analysts expect that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Honeywell Aerospace Company 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.