Wealthfront Advisers LLC Makes New Investment in Honeywell Aerospace $HONA

Wealthfront Advisers LLC bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 54,444 shares of the company’s stock, valued at approximately $12,037,000.

A number of other large investors also recently made changes to their positions in HONA. Meeder Asset Management Inc. acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $29,000. Bell Investment Advisors Inc acquired a new stake in shares of Honeywell Aerospace during the second quarter worth $29,000. Strategic Wealth Advisors LLC bought a new stake in Honeywell Aerospace in the second quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Honeywell Aerospace in the second quarter valued at about $40,000. Finally, Trifecta Capital Advisors LLC bought a new stake in Honeywell Aerospace in the second quarter valued at about $67,000.

Honeywell Aerospace Price Performance

HONA opened at $160.76 on Wednesday. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50. The firm has a market capitalization of $50.95 billion and a P/E ratio of 85.97.

Honeywell Aerospace (NASDAQ:HONA) last posted its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The business had revenue of $4.35 billion during the quarter. As a group, sell-side analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HONA has been the topic of a number of recent analyst reports. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Zacks Research raised Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Evercore set a $210.00 price target on shares of Honeywell Aerospace in a research report on Thursday, August 6th. Royal Bank Of Canada reduced their price objective on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Finally, Argus began coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They set a “buy” rating and a $275.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.