Persistent Asset Partners Ltd Takes Position in Honeywell Aerospace $HONA

Persistent Asset Partners Ltd purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,450 shares of the company’s stock, valued at approximately $3,416,000. Honeywell Aerospace comprises approximately 1.0% of Persistent Asset Partners Ltd’s holdings, making the stock its 20th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Bank of New York Mellon Corp acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at about $644,412,000. CORDA Investment Management LLC. acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $11,607,000. IMC Chicago LLC acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $10,508,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $8,809,000. Finally, Baxter Bros Inc. purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $5,018,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on HONA shares. BNP Paribas Exane reduced their target price on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. JPMorgan Chase & Co. initiated coverage on shares of Honeywell Aerospace in a report on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price on the stock. Wells Fargo & Company set a $195.00 price target on shares of Honeywell Aerospace in a research note on Monday, August 10th. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. Finally, UBS Group cut their price target on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Honeywell Aerospace has an average rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Trading Down 2.9%

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

Honeywell Aerospace (NASDAQ:HONA) last posted 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. Sell-side analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current 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.