Delta Asset Management LLC TN Buys Shares of 99,643 Honeywell Aerospace $HONA

Delta Asset Management LLC TN purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to its most recent filing with the SEC. The firm purchased 99,643 shares of the company’s stock, valued at approximately $22,313,000. Honeywell Aerospace accounts for about 1.9% of Delta Asset Management LLC TN’s portfolio, making the stock its 15th largest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $29,000. Bell Investment Advisors Inc purchased a new position in Honeywell Aerospace in the 2nd quarter valued at approximately $29,000. Strategic Wealth Advisors LLC acquired a new position in Honeywell Aerospace during the second quarter worth $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Honeywell Aerospace during the second quarter worth $40,000. Finally, Gables Capital Management Inc. purchased a new stake in Honeywell Aerospace during the second quarter worth $47,000.

Analyst Upgrades and Downgrades

Several analysts have weighed in on HONA shares. BNP Paribas Exane lowered their target price on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. BMO Capital Markets decreased their price objective on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. Evercore set a $210.00 price objective on shares of Honeywell Aerospace in a research note on Thursday, August 6th. Finally, Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a report 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Honeywell Aerospace has a consensus rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Trading Up 1.0%

HONA stock opened at $162.37 on Friday. The company has a 50 day moving average of $195.14. The stock has a market cap of $51.46 billion and a price-to-earnings ratio of 86.83. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last released its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The company had revenue of $4.35 billion for the quarter. On average, analysts anticipate 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.