Summit Asset Management LLC Invests $1.08 Million in Honeywell Aerospace $HONA

Summit Asset Management LLC purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,888 shares of the company’s stock, valued at approximately $1,081,000.

A number of other large investors also recently bought and sold shares of the business. Trifecta Capital Advisors LLC purchased a new position in Honeywell Aerospace during the second quarter valued at $67,000. Kelleher Financial Advisors bought a new position in shares of Honeywell Aerospace during the second quarter valued at $78,000. One Wealth Advisors LLC purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth about $210,000. Bridgewater Advisors Inc. bought a new position in Honeywell Aerospace in the 2nd quarter worth about $236,000. Finally, Plan Group Financial LLC purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at about $270,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HONA shares. Jefferies Financial Group set a $175.00 price target on shares of Honeywell Aerospace in a research report on Sunday, August 9th. Evercore set a $210.00 price target on Honeywell Aerospace in a report on Thursday, August 6th. 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 note on Thursday, August 6th. Wolfe Research started coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating on the stock. Finally, TD Cowen assumed coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $250.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Honeywell Aerospace currently has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Stock Performance

NASDAQ:HONA opened at $166.36 on Friday. The company has a market capitalization of $52.73 billion and a price-to-earnings ratio of 88.96. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50.

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

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.