Honeywell Aerospace $HONA Shares Bought by Jacobs & Co. CA

Jacobs & Co. CA increased its stake in Honeywell Aerospace (NASDAQ:HONA) by 11.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,185 shares of the company’s stock after purchasing an additional 6,153 shares during the period. Jacobs & Co. CA’s holdings in Honeywell Aerospace were worth $9,016,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Davidson Trust Co. grew its stake in Honeywell Aerospace by 7.8% in the 3rd quarter. Davidson Trust Co. now owns 3,736 shares of the company’s stock worth $579,000 after buying an additional 271 shares in the last quarter. Mirador Capital Partners LP bought a new stake in shares of Honeywell Aerospace during the 3rd quarter worth $506,000. Kaizen Financial Strategies purchased a new position in Honeywell Aerospace in the third quarter worth $238,000. Balefire LLC bought a new position in Honeywell Aerospace in the third quarter valued at $212,000. Finally, Bill Few Associates Inc. purchased a new stake in Honeywell Aerospace during the third quarter valued at about $1,347,000.

Honeywell Aerospace Price Performance

HONA opened at $157.94 on Friday. Honeywell Aerospace has a one year low of $149.19 and a one year high of $297.50. The firm’s 50 day simple moving average is $163.27. The company has a market cap of $50.06 billion and a price-to-earnings ratio of 84.46.

Honeywell Aerospace (NASDAQ:HONA) last issued its quarterly earnings data 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 during the quarter. On average, analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Key Headlines Impacting Honeywell Aerospace

Here are the key news stories impacting Honeywell Aerospace this week:

• Positive Sentiment: Analyst estimates imply potential upside. The reported average price target is $217.33, while Goldman Sachs initiated coverage with a Neutral rating and a $190 target, representing longer-term upside from recent levels. Goldman cited strong long-term potential, although it sees limited near-term upside. Honeywell Aerospace Stock Has Average Price Target of $217.33 According to Analysts Goldman Sachs Reiterates Hold on Honeywell Aerospace
• Neutral Sentiment: TD Cowen lowered its price target to $170 from $180, signaling reduced expectations but still leaving the target above the recent share price. The move adds to evidence that analysts see some valuation support, while remaining cautious about near-term performance. TD Cowen Adjusts Price Target on Honeywell Aerospace
• Neutral Sentiment: Short-interest data is inconsistent. One report shows short interest rose 61.9% to 8.6 million shares as of September 30, equal to 2.7% of shares outstanding and 1.9 days to cover, while another reports zero shares short as of October 9. The apparent discrepancy limits the usefulness of the latest figure, but the September increase suggests growing bearish positioning and possible volatility.
• Negative Sentiment: Several law firms publicized a securities class action covering investors who purchased HONA between June 29 and September 1, with a November 23 lead-plaintiff deadline. The allegations reportedly involve disclosures concerning potential False Claims Act enforcement and a Justice Department cybersecurity inquiry; these claims have not been proven. The litigation creates legal costs, headline risk and potential reputational damage. Kaplan Fox Announces Securities Class Action
• Negative Sentiment: Jim Cramer criticized Honeywell Aerospace’s management credibility, adding to investor concerns about leadership and disclosure quality. Such commentary is subjective but may reinforce the negative sentiment surrounding the company. Honeywell Aerospace’s Valuation Tells Only Part of the Story for Jim Cramer

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Weiss Ratings started coverage on Honeywell Aerospace in a research report on Friday, September 11th. They set a “sell (d)” rating on the stock. Royal Bank Of Canada dropped their target price on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. Argus set a $210.00 target price on Honeywell Aerospace in a research note on Friday. Evercore set a $210.00 price target on shares of Honeywell Aerospace in a research report on Thursday, August 6th. Finally, The Goldman Sachs Group assumed coverage on shares of Honeywell Aerospace in a research note on Wednesday. They set a “neutral” rating and a $190.00 price target on the stock. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Honeywell Aerospace currently has a consensus rating of “Hold” and a consensus target price of $207.67.

Honeywell Aerospace Profile

Honeywell Aerospace is an aerospace and defense technology company that develops systems and equipment for commercial aircraft, business and general aviation, military platforms, and spacecraft. Its portfolio includes aircraft engines and propulsion systems, auxiliary power units, avionics, flight controls, environmental control systems, electrical power systems, landing systems, communications technology, and aircraft safety products.

The company also provides software, connected-aircraft technologies, maintenance, repair and overhaul services, spare parts, upgrades, and other aftermarket support.