NorthRock Partners LLC Buys Shares of 4,468 Honeywell Aerospace $HONA

NorthRock Partners LLC purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,468 shares of the company’s stock, valued at approximately $988,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hardy Reed LLC bought a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $1,151,000. Plan Group Financial LLC purchased a new stake in shares of Honeywell Aerospace during the second quarter worth $270,000. Mill Capital Management LLC purchased a new stake in shares of Honeywell Aerospace during the second quarter worth $419,000. Bryn Mawr Trust Advisors LLC bought a new position in shares of Honeywell Aerospace in the second quarter worth $1,301,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $8,809,000.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wolfe Research began coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating for the company. Wells Fargo & Company set a $195.00 target price on shares of Honeywell Aerospace in a report on Monday, August 10th. Zacks Research raised shares of Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Vertical Research began coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price target on the stock. Finally, Royal Bank Of Canada dropped their price objective on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Stock Performance

Shares of HONA stock opened at $153.75 on Friday. The business’s 50-day moving average price is $186.38. Honeywell Aerospace has a 12-month low of $149.19 and a 12-month high of $297.50. The company has a market capitalization of $48.73 billion and a price-to-earnings ratio of 82.22.

Honeywell Aerospace (NASDAQ:HONA) last issued its 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 during the quarter. On average, equities analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Honeywell Aerospace Profile

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.