Nixon Capital LLC Takes Position in Honeywell Aerospace $HONA

Nixon Capital LLC bought a new stake in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 34,184 shares of the company’s stock, valued at approximately $7,654,000. Honeywell Aerospace accounts for about 2.4% of Nixon Capital LLC’s portfolio, making the stock its 16th largest position.

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

Honeywell Aerospace Stock Performance

Shares of HONA opened at $164.73 on Monday. The stock has a market cap of $52.21 billion and a price-to-earnings ratio of 88.09. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two 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 company had revenue of $4.35 billion for the quarter. On average, analysts expect that Honeywell Aerospace will post 7.75 EPS for the current year.

Wall Street Analyst Weigh In

HONA has been the subject of a number of research reports. Argus initiated coverage on Honeywell Aerospace in a report on Thursday, July 9th. They set a “buy” rating and a $275.00 target price for the company. JPMorgan Chase & Co. started coverage on shares of Honeywell Aerospace in a report on Friday, July 10th. They issued a “neutral” rating and a $255.00 price target on the stock. Vertical Research assumed coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price target on the stock. Royal Bank Of Canada reduced 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. Finally, Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $224.17.

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.