Symphony Financial Ltd. Co. Takes $903,000 Position in Honeywell Aerospace $HONA

Symphony Financial Ltd. Co. purchased a new stake in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,528 shares of the company’s stock, valued at approximately $903,000.

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Honeywell Aerospace during the second quarter valued at about $5,253,341,000. Wellington Management Group LLP purchased a new position in shares of Honeywell Aerospace in 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 second quarter worth approximately $1,034,187,000. Bank of New York Mellon Corp acquired a new stake in shares of Honeywell Aerospace during the second quarter valued at approximately $644,412,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Honeywell Aerospace during the second quarter valued at approximately $370,544,000.

Wall Street Analysts Forecast Growth

HONA has been the subject of a number of recent analyst reports. TD Cowen began coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 price objective for the company. Morgan Stanley upgraded Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price for the company in a report on Wednesday, August 19th. BNP Paribas Exane decreased their target price on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Vertical Research began coverage on Honeywell Aerospace in a report on Wednesday, July 1st. They set a “hold” rating and a $243.00 price target on the stock. Finally, Jefferies Financial Group set a $175.00 price objective on Honeywell Aerospace in a research note on Sunday, August 9th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Honeywell Aerospace has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Stock Down 2.4%

Shares of NASDAQ:HONA opened at $154.24 on Wednesday. The firm’s fifty day moving average is $193.40. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The firm has a market cap of $48.89 billion and a price-to-earnings ratio of 82.48.

Honeywell Aerospace (NASDAQ:HONA) last posted 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 during the quarter. Sell-side analysts expect that Honeywell Aerospace will post 7.75 earnings per share 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.