Clearstead Trust LLC Acquires Shares of 3,260 Honeywell Aerospace $HONA

Clearstead Trust LLC bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,260 shares of the company’s stock, valued at approximately $730,000.

A number of other hedge funds have also modified their holdings of HONA. Hardy Reed LLC purchased a new position in shares of Honeywell Aerospace in the second quarter worth about $1,151,000. Plan Group Financial LLC purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at about $270,000. Mill Capital Management LLC acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at about $419,000. Bryn Mawr Trust Advisors LLC acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at about $1,301,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at about $8,809,000.

Honeywell Aerospace Trading Down 2.0%

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

Honeywell Aerospace (NASDAQ:HONA) last posted 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. Equities analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. BNP Paribas Exane lowered 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. Wolfe Research began coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating for the company. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. BMO Capital Markets dropped their price objective on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a report on Monday, August 10th. Finally, Wells Fargo & Company set a $195.00 price objective on shares of Honeywell Aerospace in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus 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.