Dearborn Partners LLC Takes Position in Honeywell Aerospace $HONA

Dearborn Partners LLC bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 5,933 shares of the company’s stock, valued at approximately $1,341,000.

Other large investors also recently modified their holdings of the company. Ally Financial Inc. bought a new position in Honeywell Aerospace in the 2nd quarter worth $774,000. Maxi Investments CY Ltd bought a new stake in Honeywell Aerospace during the second quarter valued at about $2,631,000. Cibc World Market Inc. purchased a new position in shares of Honeywell Aerospace in the second quarter valued at about $12,066,000. Blue Whale Capital LLP purchased a new position in shares of Honeywell Aerospace in the second quarter valued at about $73,411,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Honeywell Aerospace in the second quarter worth about $4,964,000.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a research report on Sunday, August 9th. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. UBS Group dropped their price target on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. Finally, Morgan Stanley raised shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price on the stock in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Honeywell Aerospace has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Price Performance

Shares of Honeywell Aerospace stock opened at $161.20 on Tuesday. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50. The company has a market cap of $51.09 billion and a P/E ratio of 86.20.

Honeywell Aerospace (NASDAQ:HONA) last released its quarterly earnings data 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. Research analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current 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.