NS Partners Ltd Acquires New Position in Honeywell Aerospace $HONA

NS Partners Ltd acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 40,892 shares of the company’s stock, valued at approximately $10,469,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace in the second quarter valued at $29,000. Bell Investment Advisors Inc bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at $29,000. Strategic Wealth Advisors LLC bought a new stake in Honeywell Aerospace in the second quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $40,000. Finally, Gables Capital Management Inc. acquired a new stake in Honeywell Aerospace in the second quarter valued at approximately $47,000.

Honeywell Aerospace Price Performance

HONA opened at $158.11 on Tuesday. The stock has a market cap of $50.11 billion and a price-to-earnings ratio of 84.55. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50. The firm’s fifty day moving average price is $194.29.

Honeywell Aerospace (NASDAQ:HONA) last posted 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 during the quarter. Research analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HONA. Zacks Research raised shares of Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. UBS Group dropped their price target on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Evercore set a $210.00 price objective on shares of Honeywell Aerospace in a research report on Thursday, August 6th. BMO Capital Markets dropped their target price on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. Finally, Argus assumed coverage on Honeywell Aerospace in a report on Thursday, July 9th. They issued a “buy” rating and a $275.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace 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.