Edmond DE Rothschild Holding S.A. Invests $4.42 Million in Honeywell Aerospace $HONA

Edmond DE Rothschild Holding S.A. acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,979 shares of the company’s stock, valued at approximately $4,417,000.

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

Honeywell Aerospace Price Performance

HONA stock opened at $170.76 on Thursday. The firm has a market cap of $54.12 billion and a PE ratio of 91.31. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last issued its earnings results 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 during the quarter. On average, 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 subject of a number of recent research reports. Morgan Stanley upgraded shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target for the company in a report on Wednesday. JPMorgan Chase & Co. began coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They set a “neutral” rating and a $255.00 price objective on the stock. TD Cowen began coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating and a $250.00 target price on the stock. Jefferies Financial Group set a $175.00 target price on shares of Honeywell Aerospace in a research note on Sunday, August 9th. Finally, Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace 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.