Texas Capital Bank Wealth Management Services Inc Takes $830,000 Position in Honeywell Aerospace $HONA

Texas Capital Bank Wealth Management Services Inc purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,706 shares of the company’s stock, valued at approximately $830,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HONA. BlackRock Inc. bought a new position in Honeywell Aerospace in the 2nd quarter valued at approximately $5,253,341,000. Bank of New York Mellon Corp bought a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $205,658,000. Deutsche Bank AG bought a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $152,933,000. Finally, Trust Co. of Vermont acquired a new position in Honeywell Aerospace in the 2nd quarter valued at approximately $20,428,000.

Honeywell Aerospace Stock Performance

Shares of NASDAQ HONA 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 company has a market capitalization of $50.95 billion and a PE ratio of 85.97.

Honeywell Aerospace (NASDAQ:HONA) last posted its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The firm had revenue of $4.35 billion for the quarter. On average, equities research analysts expect that Honeywell Aerospace will post 7.75 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. 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 price target for the company. Vertical Research began coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They set a “hold” rating and a $243.00 target price for the company. Zacks Research raised Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Morgan Stanley set a $205.00 price target on Honeywell Aerospace in a research report on Friday, August 7th. Finally, Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average 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.