Jupiter Topco LLC Takes $20.70 Million Position in Honeywell Aerospace $HONA

Jupiter Topco LLC acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 93,746 shares of the company’s stock, valued at approximately $20,704,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Kintayl Capital LP acquired a new position in Honeywell Aerospace in the 2nd quarter worth about $690,000. ABS Investment Management LLC acquired a new stake in shares of Honeywell Aerospace during the second quarter valued at about $431,106,000. Hsbc Holdings PLC acquired a new stake in shares of Honeywell Aerospace during the second quarter valued at about $157,189,000. EFG International AG bought a new stake in shares of Honeywell Aerospace during the second quarter worth about $342,000. Finally, Ancora Advisors LLC bought a new stake in shares of Honeywell Aerospace during the second quarter worth about $23,350,000.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HONA. Royal Bank Of Canada lowered 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. Argus initiated coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 price target for the company. Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. TD Cowen initiated coverage on Honeywell Aerospace in a research report on Monday, June 29th. They issued a “hold” rating and a $250.00 price objective for the company. Finally, Zacks Research raised Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Trading Up 1.0%

Shares of HONA stock opened at $162.37 on Friday. The stock’s 50 day moving average is $195.14. The firm has a market cap of $51.46 billion and a P/E ratio of 86.83. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last released its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The company had revenue of $4.35 billion for the quarter. As a group, equities analysts expect that Honeywell Aerospace will post 7.75 EPS for the current year.

Honeywell Aerospace 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.