Bryn Mawr Trust Advisors LLC Acquires Shares of 5,886 Honeywell Aerospace $HONA

Bryn Mawr Trust Advisors LLC bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,886 shares of the company’s stock, valued at approximately $1,301,000.

Other hedge funds also recently made changes to their positions in the company. Hardy Reed LLC bought a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $1,151,000. Mill Capital Management LLC acquired a new stake in Honeywell Aerospace during the second quarter worth approximately $419,000. Finally, Plan Group Financial LLC bought a new position in Honeywell Aerospace during the 2nd quarter worth $270,000.

Honeywell Aerospace Trading Down 2.0%

Shares of NASDAQ:HONA opened at $166.36 on Friday. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50. The company has a market capitalization of $52.73 billion and a P/E ratio of 88.96.

Honeywell Aerospace (NASDAQ:HONA) last released its earnings results 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 for the quarter. As a group, equities analysts predict that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Analysts Set New Price Targets

HONA has been the subject of several analyst reports. Argus initiated coverage on Honeywell Aerospace in a report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price objective for the company. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Royal Bank Of Canada decreased their price target on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Morgan Stanley set a $205.00 price target on Honeywell Aerospace in a research note on Friday, August 7th. Finally, Jefferies Financial Group set a $175.00 price objective on shares of Honeywell Aerospace in a research report on Sunday, August 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average 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.