Compass Wealth Management LLC Makes New $810,000 Investment in Honeywell Aerospace $HONA

Compass Wealth Management LLC purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,620 shares of the company’s stock, valued at approximately $810,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HONA. Grandfield & Dodd LLC purchased a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $759,000. SCS Capital Management LLC purchased a new stake in Honeywell Aerospace in the 2nd quarter valued at $1,821,000. SFE Investment Counsel purchased a new stake in Honeywell Aerospace in the 2nd quarter valued at $2,981,000. MidFirst Bank purchased a new stake in Honeywell Aerospace in the 2nd quarter valued at $5,608,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Honeywell Aerospace during the 2nd quarter valued at $8,809,000.

Honeywell Aerospace Trading Down 0.5%

NASDAQ HONA opened at $160.76 on Wednesday. The stock has a market cap of $50.95 billion and a price-to-earnings ratio of 85.97. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last posted its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The business had revenue of $4.35 billion during the quarter. On average, analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HONA has been the subject of several recent analyst reports. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Royal Bank Of Canada dropped their price target on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Argus started coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They set a “buy” rating and a $275.00 price target on the stock. Morgan Stanley set a $205.00 price objective on shares of Honeywell Aerospace in a research report on Friday, August 7th. Finally, Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, Honeywell Aerospace currently has an average rating of “Hold” and a consensus price target of $224.17.

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.