Great Lakes Advisors LLC Acquires New Holdings in Honeywell Aerospace $HONA

Great Lakes Advisors LLC bought a new stake in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,254 shares of the company’s stock, valued at approximately $940,000.

Several other hedge funds also recently bought and sold shares of HONA. Grandfield & Dodd LLC acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $759,000. SCS Capital Management LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at $1,821,000. SFE Investment Counsel acquired a new stake in Honeywell Aerospace during the 2nd quarter worth $2,981,000. MidFirst Bank acquired a new stake in Honeywell Aerospace during the 2nd quarter worth $5,608,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Honeywell Aerospace during the second quarter worth about $8,809,000.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. BMO Capital Markets decreased their target price on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Wolfe Research started coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating on the stock. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. started coverage on Honeywell Aerospace in a report on Friday, July 10th. They set a “neutral” rating and a $255.00 price objective on the stock. Finally, TD Cowen assumed coverage on Honeywell Aerospace in a research report on Monday, June 29th. They issued 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 issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Stock Down 0.7%

HONA stock opened at $164.73 on Friday. The company has a market capitalization of $52.21 billion and a price-to-earnings ratio of 88.09. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50.

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

Honeywell Aerospace Company 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.