Concurrent Investment Advisors LLC Invests $7.84 Million in Honeywell Aerospace $HONA

Concurrent Investment Advisors LLC bought a new stake in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent filing with the SEC. The firm bought 30,622 shares of the company’s stock, valued at approximately $7,840,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Leo H. Evart Inc. bought a new position in Honeywell Aerospace in the 2nd quarter worth $26,000. Meeder Asset Management Inc. bought a new stake in Honeywell Aerospace during the second quarter valued at about $29,000. Bell Investment Advisors Inc acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at about $40,000. Finally, Triumph Capital Management bought a new position in shares of Honeywell Aerospace in the second quarter worth about $43,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Royal Bank Of Canada cut their price objective on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. BNP Paribas Exane lowered their target price on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. JPMorgan Chase & Co. started coverage on Honeywell Aerospace in a research report on Friday, July 10th. They issued a “neutral” rating and a $255.00 price target on the stock. Wells Fargo & Company set a $195.00 price target on Honeywell Aerospace in a report on Monday, August 10th. Finally, Vertical Research started coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Price Performance

Shares of HONA opened at $161.01 on Friday. The company’s 50-day moving average is $191.08. The firm has a market capitalization of $51.03 billion and a price-to-earnings ratio of 86.10. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week 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 for the quarter. Equities research analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current 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.