Visionary Wealth Advisors Makes New Investment in Honeywell Aerospace $HONA

Visionary Wealth Advisors bought a new stake in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,128 shares of the company’s stock, valued at approximately $700,000.

Other institutional investors have also recently made changes to their positions in the company. Cullen Capital Management LLC bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth $23,569,000. Dearborn Partners LLC purchased a new stake in Honeywell Aerospace in the 2nd quarter worth about $1,341,000. Ally Financial Inc. bought a new stake in Honeywell Aerospace in the 2nd quarter valued at about $774,000. Maxi Investments CY Ltd bought a new stake in Honeywell Aerospace in the 2nd quarter valued at about $2,631,000. Finally, Cibc World Market Inc. purchased a new stake in Honeywell Aerospace during the second quarter valued at about $12,066,000.

Honeywell Aerospace Stock Down 2.1%

Shares of NASDAQ HONA opened at $161.20 on Tuesday. The stock has a market capitalization of $51.09 billion and a price-to-earnings ratio of 86.20. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last announced its quarterly earnings results 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, equities analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HONA shares. Wolfe Research assumed coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating for the company. JPMorgan Chase & Co. initiated coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They issued a “neutral” rating and a $255.00 price target on the stock. TD Cowen initiated coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating and a $250.00 price target on the stock. Evercore set a $210.00 price objective on shares of Honeywell Aerospace in a report on Thursday, August 6th. Finally, BMO Capital Markets reduced their price objective on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $224.17.

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.