Diversify Advisory Services LLC Buys New Stake in Honeywell Aerospace $HONA

Diversify Advisory Services LLC bought a new stake in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,612 shares of the company’s stock, valued at approximately $1,379,000.

A number of other large investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at $29,000. Bell Investment Advisors Inc acquired a new position in Honeywell Aerospace during the 2nd quarter worth about $29,000. Strategic Wealth Advisors LLC acquired a new position in Honeywell Aerospace during the 2nd quarter worth about $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Honeywell Aerospace during the 2nd quarter valued at about $40,000. Finally, Gables Capital Management Inc. purchased a new position in Honeywell Aerospace during the 2nd quarter valued at about $47,000.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HONA. Morgan Stanley upgraded shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target on the stock in a research note on Wednesday. Argus began coverage on shares of Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 price objective for the company. Vertical Research started coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price objective for the company. UBS Group cut their target price on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Finally, Melius Research upgraded shares of Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Honeywell Aerospace presently has an average rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Stock Performance

Shares of NASDAQ:HONA opened at $170.76 on Thursday. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The company has a market capitalization of $54.12 billion and a P/E ratio of 91.31.

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

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.