Sigma Planning Corp Invests $2.88 Million in Honeywell Aerospace $HONA

Sigma Planning Corp 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 12,859 shares of the company’s stock, valued at approximately $2,879,000.

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

Analyst Ratings Changes

HONA has been the topic of a number of recent research reports. UBS Group reduced their price objective on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. BNP Paribas Exane lowered their price objective on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. BMO Capital Markets reduced their target price 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. Finally, Jefferies Financial Group set a $175.00 target price on shares of Honeywell Aerospace in a research note on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Price Performance

Shares of HONA opened at $158.11 on Tuesday. The stock has a market capitalization of $50.11 billion and a P/E ratio of 84.55. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50. The company has a 50-day simple moving average of $194.29.

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

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.