Wealthfront Advisers LLC Invests $9.81 Million in Honeywell Aerospace $HONA

Wealthfront Advisers LLC bought a new stake in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 43,803 shares of the company’s stock, valued at approximately $9,808,000.

Other large investors have also modified their holdings of the company. Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace in the second quarter worth about $29,000. Bell Investment Advisors Inc acquired a new stake in Honeywell Aerospace during the second quarter valued at approximately $29,000. Strategic Wealth Advisors LLC bought a new position in Honeywell Aerospace during the 2nd quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Honeywell Aerospace during the 2nd quarter worth approximately $40,000. Finally, Trifecta Capital Advisors LLC bought a new position in Honeywell Aerospace during the 2nd quarter worth approximately $67,000.

Analyst Upgrades and Downgrades

HONA has been the subject of a number of research reports. Wells Fargo & Company set a $195.00 price objective on shares of Honeywell Aerospace in a report on Monday, August 10th. Vertical Research assumed coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They set a “hold” rating and a $243.00 target price on the stock. Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. Wolfe Research began coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating for the company. Finally, TD Cowen started coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating and a $250.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Stock Performance

Shares of NASDAQ HONA opened at $170.76 on Thursday. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The company has a market capitalization of $54.12 billion and a P/E ratio of 91.31.

Honeywell Aerospace (NASDAQ:HONA) last issued 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, research analysts forecast that Honeywell Aerospace will post 7.75 earnings per share 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.