Covington Investment Advisors Inc. Acquires Shares of 17,236 Honeywell Aerospace $HONA

Covington Investment Advisors Inc. acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 17,236 shares of the company’s stock, valued at approximately $3,811,000.

Several other institutional investors have also recently made changes to their positions in HONA. BlackRock Inc. purchased a new position in Honeywell Aerospace during the second quarter worth about $5,253,341,000. Bank of New York Mellon Corp bought a new stake in Honeywell Aerospace in the 2nd quarter worth about $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Honeywell Aerospace in the 2nd quarter valued at about $205,658,000. Deutsche Bank AG purchased a new stake in Honeywell Aerospace in the 2nd quarter valued at about $152,933,000. Finally, Haverford Trust Co bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $98,787,000.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wells Fargo & Company set a $195.00 target price on Honeywell Aerospace in a report on Monday, August 10th. TD Cowen initiated coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $250.00 price target on the stock. Wolfe Research began coverage on Honeywell Aerospace in a research report on Monday, June 29th. They issued a “hold” rating on the stock. Argus started coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price target on the stock. Finally, Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Honeywell Aerospace presently has an average rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Stock Performance

Honeywell Aerospace stock opened at $164.73 on Monday. 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 $52.21 billion and a P/E ratio of 88.09.

Honeywell Aerospace (NASDAQ:HONA) last released 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, analysts predict 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.