Perigon Wealth Management LLC Takes $3.42 Million Position in Honeywell Aerospace $HONA

Perigon Wealth Management LLC bought a new position in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, HoldingsChannel.com reports. The fund bought 15,253 shares of the company’s stock, valued at approximately $3,415,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Honeywell Aerospace in the second quarter valued at about $205,658,000. Trust Co. of Vermont bought a new position in Honeywell Aerospace in the second quarter valued at about $20,428,000. CORDA Investment Management LLC. purchased a new position in Honeywell Aerospace in the second quarter worth about $11,607,000. Finally, IMC Chicago LLC bought a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at about $10,508,000.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HONA shares. Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. Morgan Stanley set a $205.00 target price on shares of Honeywell Aerospace in a report on Friday, August 7th. Wolfe Research began coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating for the company. BNP Paribas Exane reduced their price objective on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Finally, BMO Capital Markets decreased their target price on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Trading Down 2.9%

Shares of Honeywell Aerospace stock opened at $161.56 on Tuesday. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50. The stock has a market capitalization of $51.21 billion and a PE ratio of 86.40.

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