Elevation Point Wealth Partners LLC Makes New Investment in Honeywell Aerospace $HONA

Elevation Point Wealth Partners LLC purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, Holdings Channel.com reports. The firm purchased 13,754 shares of the company’s stock, valued at approximately $3,041,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Honeywell Aerospace during the second quarter worth $5,253,341,000. Bank of New York Mellon Corp acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $205,658,000. Deutsche Bank AG purchased a new position in Honeywell Aerospace in the 2nd quarter worth $152,933,000. Finally, Madison Asset Management LLC purchased a new position in Honeywell Aerospace in the 2nd quarter worth $49,743,000.

Honeywell Aerospace Price Performance

NASDAQ HONA opened at $164.73 on Friday. The firm has a market cap of $52.21 billion and a P/E ratio of 88.09. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50.

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 business had revenue of $4.35 billion during the quarter. On average, 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 a number of research reports. Royal Bank Of Canada lowered their price target 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 assumed coverage on Honeywell Aerospace in a report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price objective on the stock. Vertical Research assumed coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price objective for the company. Zacks Research raised Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Finally, UBS Group dropped their target price on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. One research 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 stock. According to MarketBeat, the company currently 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.