German American Bancorp Inc. Takes Position in Honeywell Aerospace $HONA

German American Bancorp Inc. purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 16,026 shares of the company’s stock, valued at approximately $3,588,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HONA. Trifecta Capital Advisors LLC bought a new stake in Honeywell Aerospace in the second quarter valued at $67,000. Kelleher Financial Advisors bought a new position in shares of Honeywell Aerospace in the second quarter valued at approximately $78,000. J.Safra Asset Management Corp bought a new position in Honeywell Aerospace during the 2nd quarter valued at $124,000. One Wealth Advisors LLC acquired a new position in Honeywell Aerospace during the second quarter worth about $210,000. Finally, Bridgewater Advisors Inc. purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter worth about $236,000.

Honeywell Aerospace Stock Performance

Shares of HONA stock opened at $166.36 on Monday. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50. The firm has a market capitalization of $52.73 billion and a PE ratio of 88.96.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on HONA. Morgan Stanley set a $205.00 target price on shares of Honeywell Aerospace in a report on Friday, August 7th. Zacks Research raised Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Evercore set a $210.00 price target on shares of Honeywell Aerospace in a report on Thursday, August 6th. Royal Bank Of Canada reduced their price objective on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Finally, TD Cowen assumed coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating and a $250.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $224.17.

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.