Clifford Swan Investment Counsel LLC Makes New Investment in Honeywell Aerospace $HONA

Clifford Swan Investment Counsel LLC purchased a new stake in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 25,538 shares of the company’s stock, valued at approximately $6,538,000.

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

Analyst Ratings Changes

A number of research analysts have commented on the stock. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Evercore set a $210.00 price objective on Honeywell Aerospace in a research note on Thursday, August 6th. Vertical Research began coverage on Honeywell Aerospace in a report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 target price for the company. Wells Fargo & Company set a $195.00 target price on Honeywell Aerospace in a research report on Monday, August 10th. Finally, Jefferies Financial Group set a $175.00 price target on Honeywell Aerospace in a research report on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Trading Down 2.6%

NASDAQ HONA opened at $158.11 on Tuesday. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50. The business’s 50 day moving average price is $194.29. The firm has a market capitalization of $50.11 billion and a price-to-earnings ratio of 84.55.

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

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.