35,112 Shares in Honeywell Aerospace $HONA Purchased by Coastal Bridge Advisors LLC

Coastal Bridge Advisors LLC acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 35,112 shares of the company’s stock, valued at approximately $7,763,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HONA. Jefferies Financial Group Inc. bought a new position in Honeywell Aerospace during the 2nd quarter worth approximately $7,257,000. Public Employees Retirement System of Ohio bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $26,785,000. MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $267,000. Triton Financial Group Inc acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at approximately $609,000. Finally, Redwood Investment Management LLC acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at approximately $756,000.

Wall Street Analyst Weigh In

A number of research firms have commented on HONA. Vertical Research began coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price objective for the company. Zacks Research raised shares of Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Morgan Stanley upgraded shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target on the stock in a research report on Wednesday, August 19th. Argus began coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price target for the company. Finally, Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Stock Performance

Shares of HONA opened at $160.75 on Friday. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50. The stock’s fifty day moving average is $195.92. The company has a market cap of $50.95 billion and a P/E ratio of 85.96.

Honeywell Aerospace (NASDAQ:HONA) last posted its earnings results 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. Equities analysts predict that Honeywell Aerospace will post 7.75 EPS for the current 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.