Foster & Motley Inc. Makes New $822,000 Investment in Honeywell Aerospace $HONA

Foster & Motley Inc. bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, HoldingsChannel.com reports. The firm bought 3,717 shares of the company’s stock, valued at approximately $822,000.

A number of other hedge funds also recently bought and sold shares of HONA. Bell Investment Advisors Inc purchased a new position in Honeywell Aerospace in the second quarter worth approximately $29,000. Strategic Wealth Advisors LLC purchased a new position in Honeywell Aerospace during the 2nd quarter worth approximately $29,000. Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace in the second quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $40,000. Finally, Trifecta Capital Advisors LLC purchased a new position in Honeywell Aerospace in the 2nd quarter valued at $67,000.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. TD Cowen assumed coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating and a $250.00 target price for the company. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. BNP Paribas Exane reduced their target price on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Finally, Evercore set a $210.00 price target on shares of Honeywell Aerospace in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Trading Up 6.2%

Shares of NASDAQ HONA opened at $170.76 on Thursday. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The stock has a market capitalization of $54.12 billion and a price-to-earnings ratio of 91.31.

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

About Honeywell Aerospace

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.