4,345 Shares in Honeywell Aerospace $HONA Acquired by Cullinan Associates Inc.

Cullinan Associates Inc. acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 4,345 shares of the company’s stock, valued at approximately $973,000.

Other institutional investors have also added to or reduced their stakes in the company. Grandfield & Dodd LLC bought a new position in shares of Honeywell Aerospace during the second quarter valued at $759,000. SCS Capital Management LLC purchased a new position in Honeywell Aerospace in the 2nd quarter worth about $1,821,000. SFE Investment Counsel purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at about $2,981,000. MidFirst Bank purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at about $5,608,000. Finally, IMC Chicago LLC purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at about $10,508,000.

Wall Street Analysts Forecast Growth

HONA has been the subject of several research reports. Jefferies Financial Group set a $175.00 price objective on shares of Honeywell Aerospace in a report on Sunday, August 9th. JPMorgan Chase & Co. assumed coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They set a “neutral” rating and a $255.00 target price for the company. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. TD Cowen began coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating and a $250.00 price objective for the company. Finally, BNP Paribas Exane reduced their price objective on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. One equities 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Stock Performance

HONA opened at $162.37 on Friday. The stock has a market capitalization of $51.46 billion and a P/E ratio of 86.83. The business has a 50 day simple moving average of $195.14. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50.

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 business had revenue of $4.35 billion for the quarter. As a group, research analysts predict that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Honeywell Aerospace Company 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.