IMC Chicago LLC Invests $10.51 Million in Honeywell Aerospace $HONA

IMC Chicago LLC bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 47,532 shares of the company’s stock, valued at approximately $10,508,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Hardy Reed LLC bought a new position in Honeywell Aerospace during the 2nd quarter valued at about $1,151,000. Plan Group Financial LLC bought a new position in shares of Honeywell Aerospace in the second quarter valued at approximately $270,000. Mill Capital Management LLC bought a new position in shares of Honeywell Aerospace in the second quarter valued at approximately $419,000. Bryn Mawr Trust Advisors LLC acquired a new position in shares of Honeywell Aerospace in the 2nd quarter worth approximately $1,301,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Honeywell Aerospace in the 2nd quarter worth approximately $8,809,000.

Analyst Ratings Changes

HONA has been the topic of a number of research analyst reports. Evercore set a $210.00 price target on Honeywell Aerospace in a research report on Thursday, August 6th. Wolfe Research began coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating on the stock. BNP Paribas Exane reduced their price objective on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. UBS Group decreased their target price on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Finally, Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. 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. Based on data from MarketBeat, Honeywell Aerospace currently has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Stock Performance

HONA opened at $166.36 on Monday. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50. The company has a market cap of $52.73 billion and a PE ratio of 88.96.

Honeywell Aerospace (NASDAQ:HONA) last issued 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. As a group, equities analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current fiscal 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.