Studio Investment Management LLC Buys New Position in Honeywell Aerospace $HONA

Studio Investment Management LLC bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, Holdings Channel.com reports. The fund bought 10,022 shares of the company’s stock, valued at approximately $2,216,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. acquired a new position in shares of Honeywell Aerospace in the 2nd quarter worth approximately $25,000. Leo H. Evart Inc. acquired a new stake in shares of Honeywell Aerospace during the second quarter worth $26,000. Outlook Capital Management LLC acquired a new stake in shares of Honeywell Aerospace during the second quarter worth $26,000. Bell Investment Advisors Inc bought a new position in Honeywell Aerospace during the second quarter worth $29,000. Finally, Meeder Asset Management Inc. bought a new position in Honeywell Aerospace during the second quarter worth $29,000.

Honeywell Aerospace Price Performance

Honeywell Aerospace stock opened at $161.01 on Monday. The firm has a market cap of $51.03 billion and a P/E ratio of 86.10. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The company’s fifty day moving average is $191.08.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on HONA shares. BMO Capital Markets dropped their target price on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. Jefferies Financial Group set a $175.00 price objective on Honeywell Aerospace in a research report on Sunday, August 9th. Wells Fargo & Company set a $195.00 price objective on Honeywell Aerospace in a research note on Monday, August 10th. TD Cowen began coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating and a $250.00 target price on the stock. Finally, Wolfe Research initiated coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating for the company. One investment 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’s stock. According to MarketBeat.com, Honeywell Aerospace has a consensus rating of “Hold” and a consensus price target 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.