Ironvine Capital Partners LLC Makes New Investment in Honeywell Aerospace $HONA

Ironvine Capital Partners LLC purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 47,276 shares of the company’s stock, valued at approximately $10,452,000. Honeywell Aerospace comprises 0.9% of Ironvine Capital Partners LLC’s investment portfolio, making the stock its 29th biggest holding.

A number of other hedge funds have also modified their holdings of HONA. Bell Investment Advisors Inc purchased a new position in shares of Honeywell Aerospace in the second quarter worth about $29,000. Meeder Asset Management Inc. purchased a new stake in Honeywell Aerospace in the second quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Honeywell Aerospace in the second quarter valued at approximately $40,000. Triumph Capital Management acquired a new position in Honeywell Aerospace in the 2nd quarter worth approximately $43,000. Finally, Gables Capital Management Inc. acquired a new position in Honeywell Aerospace in the 2nd quarter worth approximately $47,000.

Honeywell Aerospace Stock Performance

Honeywell Aerospace stock opened at $154.24 on Wednesday. The business’s 50-day moving average is $193.40. The firm has a market capitalization of $48.89 billion and a price-to-earnings ratio of 82.48. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last announced its quarterly earnings results 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 during the quarter. On average, sell-side analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

HONA has been the subject of several research reports. JPMorgan Chase & Co. started 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 for the company. Royal Bank Of Canada cut their price objective on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Melius Research upgraded shares of Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. Evercore set a $210.00 target price on shares of Honeywell Aerospace in a report on Thursday, August 6th. Finally, Morgan Stanley upgraded shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price for the company in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given 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 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.