32,126 Shares in Honeywell Aerospace $HONA Bought by Equitable Holdings Inc.

Equitable Holdings Inc. bought a new stake in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 32,126 shares of the company’s stock, valued at approximately $7,102,000.

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

Honeywell Aerospace Stock Performance

NASDAQ HONA opened at $160.75 on Friday. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50. The business’s 50-day moving average is $195.92. The stock has a market capitalization of $50.95 billion and a price-to-earnings ratio of 85.96.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wells Fargo & Company set a $195.00 target price on Honeywell Aerospace in a research note on Monday, August 10th. JPMorgan Chase & Co. began coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They issued a “neutral” rating and a $255.00 price target on the stock. BNP Paribas Exane cut their price objective on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Evercore set a $210.00 price objective on shares of Honeywell Aerospace in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada lowered their target price on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $224.17.

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.