Troluce Capital Advisors LLC Buys Shares of 16,700 Honeywell Aerospace $HONA

Troluce Capital Advisors LLC purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 16,700 shares of the company’s stock, valued at approximately $4,275,000. Honeywell Aerospace makes up about 0.4% of Troluce Capital Advisors LLC’s investment portfolio, making the stock its 14th biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in HONA. Leo H. Evart Inc. bought a new position in Honeywell Aerospace in the 2nd quarter valued at approximately $26,000. Outlook Capital Management LLC bought a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $26,000. Bell Investment Advisors Inc bought a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $29,000. Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace in the 2nd quarter valued at approximately $29,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in Honeywell Aerospace in the 2nd quarter valued at approximately $40,000.

Honeywell Aerospace Price Performance

NASDAQ:HONA opened at $161.01 on Friday. The firm has a market cap of $51.03 billion and a P/E ratio of 86.10. The firm’s 50 day moving average price is $191.08. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last released its quarterly 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 for the quarter. As a group, research analysts expect that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. BMO Capital Markets dropped their price target on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. Argus assumed coverage on Honeywell Aerospace in a report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price objective for the company. UBS Group lowered their target price on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Finally, Zacks Research raised Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.