Oakmont Investment Advisors Inc. Purchases New Stake in Honeywell Aerospace $HONA

Oakmont Investment Advisors Inc. purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,633 shares of the company’s stock, valued at approximately $1,024,000.

Several other institutional investors also recently bought and sold shares of HONA. Leo H. Evart Inc. acquired a new position in shares of Honeywell Aerospace during the second quarter worth about $26,000. Meeder Asset Management Inc. bought a new position in Honeywell Aerospace in the second quarter worth about $29,000. Bell Investment Advisors Inc bought a new position in shares of Honeywell Aerospace during the second quarter worth about $29,000. Syntax Research Inc. acquired a new position in shares of Honeywell Aerospace during the second quarter valued at $45,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth $40,000.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HONA shares. TD Cowen started coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $250.00 price objective on the stock. Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a research report on Sunday, August 9th. Wells Fargo & Company set a $195.00 price target on Honeywell Aerospace in a research report on Monday, August 10th. Vertical Research assumed coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price objective for the company. Finally, BNP Paribas Exane decreased their price objective on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. One investment 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 company’s stock. According to data from MarketBeat, Honeywell Aerospace presently has an average rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Stock Up 3.9%

Shares of Honeywell Aerospace stock opened at $161.01 on Friday. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The stock’s 50 day moving average is $191.08. The company has a market capitalization of $51.03 billion and a PE ratio of 86.10.

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 firm had revenue of $4.35 billion during the quarter. Analysts expect that Honeywell Aerospace will post 7.75 EPS 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.