Empowered Funds LLC Takes Position in Honeywell Aerospace $HONA

Empowered Funds LLC acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 43,101 shares of the company’s stock, valued at approximately $9,528,000.

A number of other institutional investors and hedge funds have also bought and sold shares of HONA. Camarda Financial Advisors LLC bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth $2,016,000. Dearborn Partners LLC purchased a new stake in Honeywell Aerospace in the second quarter worth about $655,000. Lifetime Wealth Management P.C. purchased a new stake in Honeywell Aerospace in the second quarter worth about $231,000. Brooks Moore & Associates Inc. bought a new position in Honeywell Aerospace during the 2nd quarter worth about $2,185,000. Finally, Bank OZK purchased a new position in Honeywell Aerospace during the 2nd quarter valued at about $259,000.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HONA. BNP Paribas Exane lowered their price target on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. UBS Group lowered their target price on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. TD Cowen assumed coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating and a $250.00 price target on the stock. Vertical Research initiated coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They set a “hold” rating and a $243.00 price objective for the company. Finally, Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a research note on Sunday, August 9th. One research 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.com, the stock has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Stock Up 1.0%

Shares of NASDAQ:HONA opened at $162.37 on Friday. The company’s 50-day simple moving average is $195.14. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50. The firm has a market cap of $51.46 billion and a price-to-earnings ratio of 86.83.

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