Ieq Capital LLC Acquires Shares of 34,173 Honeywell Aerospace $HONA

Ieq Capital LLC bought a new position in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 34,173 shares of the company’s stock, valued at approximately $7,555,000.

Other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in shares of Honeywell Aerospace during the second quarter valued at $29,000. Bell Investment Advisors Inc bought a new position in Honeywell Aerospace in the 2nd quarter worth about $29,000. Strategic Wealth Advisors LLC bought a new position in Honeywell Aerospace in the 2nd quarter worth about $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Honeywell Aerospace in the 2nd quarter worth about $41,000. Finally, Gables Capital Management Inc. purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at about $47,000.

Honeywell Aerospace Stock Performance

Shares of Honeywell Aerospace stock opened at $164.73 on Monday. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50. The company has a market cap of $52.21 billion and a P/E ratio of 88.09.

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

Analyst Ratings Changes

A number of research firms have weighed in on HONA. Vertical Research started coverage on shares of Honeywell Aerospace in a research note on Wednesday, July 1st. They set a “hold” rating and a $243.00 price objective for the company. BNP Paribas Exane dropped their target price on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. JPMorgan Chase & Co. started coverage on shares of Honeywell Aerospace in a report on Friday, July 10th. They set a “neutral” rating and a $255.00 price target on the stock. UBS Group reduced their price target on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Finally, Argus began coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $224.17.

About Honeywell Aerospace

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.