Grandfield & Dodd LLC Purchases New Position in Honeywell Aerospace $HONA

Grandfield & Dodd LLC purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,390 shares of the company’s stock, valued at approximately $750,000.

Other large investors also recently bought and sold shares of the company. Bell Investment Advisors Inc purchased a new stake in shares of Honeywell Aerospace during the second quarter valued at $29,000. Trifecta Capital Advisors LLC bought a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $67,000. Kelleher Financial Advisors bought a new stake in Honeywell Aerospace during the 2nd quarter valued at $78,000. J.Safra Asset Management Corp bought a new stake in Honeywell Aerospace during the second quarter valued at about $124,000. Finally, Dunhill Financial LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $144,000.

Honeywell Aerospace Price Performance

HONA stock opened at $161.56 on Tuesday. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50. The stock has a market capitalization of $51.21 billion and a price-to-earnings ratio of 86.40.

Honeywell Aerospace (NASDAQ:HONA) last announced its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The company had revenue of $4.35 billion for the quarter. On average, sell-side analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HONA. Zacks Research raised Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. Morgan Stanley set a $205.00 price objective on shares of Honeywell Aerospace in a report on Friday, August 7th. Argus initiated coverage on Honeywell Aerospace in a report on Thursday, July 9th. They set a “buy” rating and a $275.00 target price on the stock. Wolfe Research assumed coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating 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 analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $224.17.

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.