Cypress Asset Management Inc. TX Buys New Shares in Honeywell Aerospace $HONA

Cypress Asset Management Inc. TX bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,141 shares of the company’s stock, valued at approximately $2,684,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HONA. Meeder Asset Management Inc. bought a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $29,000. Bell Investment Advisors Inc acquired a new position in shares of Honeywell Aerospace during the 2nd quarter worth about $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $40,000. Trifecta Capital Advisors LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $67,000. Finally, Kelleher Financial Advisors acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at about $78,000.

Honeywell Aerospace Stock Performance

HONA stock opened at $160.76 on Wednesday. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50. The stock has a market capitalization of $50.95 billion and a P/E ratio of 85.97.

Honeywell Aerospace (NASDAQ:HONA) last issued its quarterly earnings data 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 during the quarter. On average, analysts predict that Honeywell Aerospace will post 7.75 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HONA shares. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. TD Cowen assumed coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 price objective on the stock. Jefferies Financial Group set a $175.00 price objective on Honeywell Aerospace in a research report on Sunday, August 9th. Morgan Stanley set a $205.00 target price on Honeywell Aerospace in a research note on Friday, August 7th. Finally, Argus assumed coverage on Honeywell Aerospace in a report on Thursday, July 9th. They set a “buy” rating and a $275.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $224.17.

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.