MCF Advisors LLC Purchases Shares of 4,223 Honeywell Aerospace $HONA

MCF Advisors LLC bought a new position in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,223 shares of the company’s stock, valued at approximately $934,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Ameliora Wealth Management Ltd. acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $25,000. Leo H. Evart Inc. acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $26,000. Outlook Capital Management LLC purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth $26,000. Bell Investment Advisors Inc purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth $29,000. Finally, Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace in the second quarter valued at $29,000.

Honeywell Aerospace Price Performance

Shares of HONA opened at $153.75 on Friday. The stock has a market capitalization of $48.73 billion and a P/E ratio of 82.22. Honeywell Aerospace has a one year low of $149.19 and a one year high of $297.50. The company has a 50-day simple moving average of $186.38.

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 business had revenue of $4.35 billion for the quarter. Sell-side analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. Argus started coverage on shares of Honeywell Aerospace in a research report on Thursday, July 9th. They set a “buy” rating and a $275.00 target price for the company. Evercore set a $210.00 price target on shares of Honeywell Aerospace in a report on Thursday, August 6th. Zacks Research raised shares of Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. Finally, Wells Fargo & Company set a $195.00 price objective on shares of Honeywell Aerospace in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Company Profile

Honeywell Aerospace is an aerospace technology company that develops and supplies systems, components and services for commercial aviation, business and general aviation, defense and space markets. Its portfolio includes aircraft engines, auxiliary power units, avionics, flight controls, navigation and communication systems, thermal management equipment, wheels and brakes, and other propulsion and safety technologies.

The company serves aircraft manufacturers, airlines, business aviation operators, military customers and aftermarket service providers around the world.