8,134 Shares in Honeywell Aerospace $HONA Purchased by SCS Capital Management LLC

SCS Capital Management LLC purchased a new position in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,134 shares of the company’s stock, valued at approximately $1,821,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SFE Investment Counsel acquired a new position in shares of Honeywell Aerospace in the 2nd quarter worth approximately $2,981,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $8,809,000. BIP Wealth LLC acquired a new stake in Honeywell Aerospace during the second quarter valued at approximately $713,000. CORDA Investment Management LLC. acquired a new stake in Honeywell Aerospace during the second quarter valued at approximately $11,607,000. Finally, Focus Partners Advisor Solutions LLC bought a new stake in Honeywell Aerospace during the second quarter worth approximately $1,572,000.

Wall Street Analysts Forecast Growth

HONA has been the topic of several recent research reports. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. Argus began coverage on Honeywell Aerospace in a research report on Thursday, July 9th. They set a “buy” rating and a $275.00 price objective for the company. Wolfe Research assumed coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating for the company. BNP Paribas Exane decreased their target price on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Finally, Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Honeywell Aerospace has a consensus rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Price Performance

Honeywell Aerospace stock opened at $166.36 on Monday. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50. The company has a market capitalization of $52.73 billion and a P/E ratio of 88.96.

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 firm had revenue of $4.35 billion for the quarter. Equities analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current year.

About Honeywell Aerospace

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.