Palmer Knight Co Takes Position in Honeywell Aerospace $HONA

Palmer Knight Co purchased a new position in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,996 shares of the company’s stock, valued at approximately $4,863,000. Honeywell Aerospace makes up about 1.9% of Palmer Knight Co’s investment portfolio, making the stock its 28th biggest holding.

Several other institutional investors have also made changes to their positions in the stock. Great Lakes Advisors LLC purchased a new position in Honeywell Aerospace during the second quarter valued at approximately $899,000. Compass Wealth Management LLC purchased a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $799,000. BOK Financial Private Wealth Inc. purchased a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $772,000. Danica Pension Livsforsikringsaktieselskab acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $21,402,000. Finally, Danske Bank A S acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $70,000.

Analyst Ratings Changes

HONA has been the topic of a number of research reports. Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. Wells Fargo & Company set a $195.00 price objective on Honeywell Aerospace in a research report on Monday, August 10th. Argus started coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 target price on the stock. TD Cowen began coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 target price on the stock. Finally, Vertical Research started coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Stock Performance

Honeywell Aerospace stock opened at $170.76 on Thursday. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50. The firm has a market cap of $54.12 billion and a price-to-earnings ratio of 91.31.

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

About Honeywell Aerospace

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.