Edmond DE Rothschild Holding S.A. Takes $23.08 Million Position in Honeywell Aerospace $HONA

Edmond DE Rothschild Holding S.A. acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 103,090 shares of the company’s stock, valued at approximately $23,082,000.

A number of other hedge funds have also bought and sold shares of HONA. Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace in the second quarter valued at $29,000. Bell Investment Advisors Inc acquired a new stake in Honeywell Aerospace during the 2nd quarter worth about $29,000. Strategic Wealth Advisors LLC acquired a new stake in Honeywell Aerospace during the 2nd quarter worth about $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Honeywell Aerospace in the 2nd quarter worth about $40,000. Finally, Gables Capital Management Inc. acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $47,000.

Honeywell Aerospace Price Performance

Shares of HONA opened at $170.76 on Thursday. The stock has a market capitalization of $54.12 billion and a PE ratio of 91.31. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on HONA shares. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. UBS Group lowered their target price on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. BNP Paribas Exane dropped their price target 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 Honeywell Aerospace in a report on Friday, July 10th. They set a “neutral” rating and a $255.00 price target on the stock. Finally, Argus assumed coverage on shares of Honeywell Aerospace in a research report on Thursday, July 9th. They set a “buy” rating and a $275.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Honeywell Aerospace has a consensus rating of “Hold” and a consensus price target 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.