Van Hulzen Asset Management LLC Buys New Position in Honeywell Aerospace $HONA

Van Hulzen Asset Management LLC bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,513 shares of the company’s stock, valued at approximately $2,103,000.

A number of other institutional investors also recently made changes to their positions in the stock. Cahill Financial Advisors Inc. bought a new position in shares of Honeywell Aerospace in the second quarter valued at approximately $549,000. MCF Advisors LLC acquired a new stake in Honeywell Aerospace in the second quarter worth approximately $934,000. Archford Capital Strategies LLC acquired a new stake in Honeywell Aerospace in the second quarter worth approximately $760,000. National Pension Service bought a new position in Honeywell Aerospace during the 2nd quarter valued at $165,940,000. Finally, BlueCrest Capital Management Ltd bought a new position in Honeywell Aerospace during the 2nd quarter valued at $2,520,000.

Honeywell Aerospace Stock Performance

Shares of HONA opened at $151.58 on Thursday. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50. The stock has a 50-day moving average price of $188.25. The firm has a market capitalization of $48.04 billion and a PE ratio of 81.06.

Honeywell Aerospace (NASDAQ:HONA) last released its quarterly 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 for the quarter. On average, sell-side analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on HONA. BMO Capital Markets dropped their price objective on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Morgan Stanley raised Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price on the stock in a report on Wednesday, August 19th. Evercore set a $210.00 price target on shares of Honeywell Aerospace in a research report on Thursday, August 6th. Zacks Research raised shares of Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Finally, Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Honeywell Aerospace presently has a consensus rating of “Hold” and an average target price of $224.17.

About Honeywell Aerospace

Honeywell Aerospace is an aerospace technology company that develops and supplies systems, components and services for commercial aviation, business and general aviation, defense and space markets. Its portfolio includes aircraft engines, auxiliary power units, avionics, flight controls, navigation and communication systems, thermal management equipment, wheels and brakes, and other propulsion and safety technologies.

The company serves aircraft manufacturers, airlines, business aviation operators, military customers and aftermarket service providers around the world.