Tribune Investment Group LP Purchases Shares of 17,800 Honeywell Aerospace $HONA

Tribune Investment Group LP purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 17,800 shares of the company’s stock, valued at approximately $4,557,000. Honeywell Aerospace accounts for about 1.8% of Tribune Investment Group LP’s investment portfolio, making the stock its 16th biggest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of HONA. Leo H. Evart Inc. acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at $26,000. Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace during the second quarter worth about $29,000. Bell Investment Advisors Inc acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Honeywell Aerospace during the 2nd quarter valued at about $40,000. Finally, Triumph Capital Management bought a new position in shares of Honeywell Aerospace during the 2nd quarter valued at about $43,000.

Honeywell Aerospace Trading Up 1.6%

NASDAQ HONA opened at $154.96 on Friday. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50. The firm has a market cap of $49.11 billion and a P/E ratio of 82.87. The business’s 50-day moving average is $191.72.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on HONA shares. UBS Group dropped their target price on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Wolfe Research began coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They issued a “hold” rating on the stock. BMO Capital Markets dropped their price target on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. Argus assumed coverage on Honeywell Aerospace in a report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price target on the stock. Finally, Royal Bank Of Canada cut their price objective on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Honeywell Aerospace 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.