Principle Wealth Partners LLC Makes New $1.84 Million Investment in Honeywell Aerospace $HONA

Principle Wealth Partners LLC purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,231 shares of the company’s stock, valued at approximately $1,843,000.

Several other hedge funds have also recently modified their holdings of HONA. Bell Investment Advisors Inc purchased a new position in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $29,000. Trifecta Capital Advisors LLC acquired a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $67,000. Kelleher Financial Advisors purchased a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $78,000. J.Safra Asset Management Corp purchased a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $124,000. Finally, One Wealth Advisors LLC purchased a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $210,000.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HONA. Royal Bank Of Canada lowered their price objective on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, August 6th. Wolfe Research initiated coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating for the company. Argus initiated coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 target price for the company. Jefferies Financial Group set a $175.00 price target on Honeywell Aerospace in a research note on Sunday, August 9th. Finally, Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Honeywell Aerospace presently has a consensus rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Price Performance

Shares of Honeywell Aerospace stock opened at $161.56 on Tuesday. The firm has a market cap of $51.21 billion and a P/E ratio of 86.40. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last posted its quarterly 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. As a group, equities analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal 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.