Capital Advisors Inc. OK Buys Shares of 204,438 Honeywell Aerospace $HONA

Capital Advisors Inc. OK purchased a new stake in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 204,438 shares of the company’s stock, valued at approximately $45,774,000.

A number of other hedge funds have also modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter worth about $5,253,341,000. Wellington Management Group LLP acquired a new position in Honeywell Aerospace in the second quarter valued at about $1,705,882,000. Bank of America Corp DE acquired a new position in Honeywell Aerospace in the second quarter valued at about $1,034,187,000. Bank of New York Mellon Corp purchased a new position in Honeywell Aerospace during the second quarter worth about $644,412,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Honeywell Aerospace during the second quarter worth about $377,905,000.

Honeywell Aerospace Trading Up 1.0%

NASDAQ HONA opened at $162.37 on Friday. The stock has a market capitalization of $51.46 billion and a price-to-earnings ratio of 86.83. The company has a 50 day simple moving average of $195.14. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last announced 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 for the quarter. As a group, analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Zacks Research raised shares of Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Wells Fargo & Company set a $195.00 price objective on shares of Honeywell Aerospace in a research report on Monday, August 10th. TD Cowen initiated coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating and a $250.00 target price for the company. UBS Group cut their target price on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Finally, Argus began coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They set a “buy” rating and a $275.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Honeywell Aerospace currently 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.