Honeywell Aerospace $HONA Stake Trimmed by Lido Advisors LLC

Lido Advisors LLC lowered its holdings in Honeywell Aerospace (NASDAQ:HONA – Free Report) by 8.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 43,931 shares of the company’s stock after selling 4,144 shares during the quarter. Lido Advisors LLC’s holdings in Honeywell Aerospace were worth $6,808,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in HONA. BlackRock Inc. bought a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at about $5,253,341,000. State Street Corp purchased a new stake in Honeywell Aerospace in the second quarter worth about $2,945,044,000. Wellington Management Group LLP bought a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $1,705,882,000. Bank of America Corp DE bought a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $1,034,187,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $644,412,000.

Analysts Set New Price Targets

A number of brokerages have recently commented on HONA. UBS Group dropped their price target on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. TD Cowen cut their price target on Honeywell Aerospace from $180.00 to $170.00 and set a “hold” rating on the stock in a research note on Friday, October 9th. BMO Capital Markets lowered Honeywell Aerospace from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $213.00 to $181.00 in a research report on Friday, October 30th. Evercore set a $210.00 price objective on Honeywell Aerospace in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. dropped their target price on Honeywell Aerospace from $235.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, October 29th. Four analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $196.47.

Read Our Latest Report on Honeywell Aerospace

Honeywell Aerospace Stock Performance

NASDAQ:HONA opened at $166.23 on Friday. The company has a market cap of $52.70 billion and a price-to-earnings ratio of 40.74. Honeywell Aerospace has a fifty-two week low of $147.40 and a fifty-two week high of $297.50. The company’s 50-day moving average price is $160.05.

Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.31. The firm had revenue of $4.64 billion during the quarter. Sell-side analysts anticipate that Honeywell Aerospace will post 7.93 EPS for the current fiscal year.

Honeywell Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%.

Honeywell Aerospace News Roundup

Here’s some of the latest news about HONA:

Honeywell Aerospace Profile

(Free Report)

Honeywell Aerospace develops and supplies systems and services for commercial aviation, business and general aviation, defense, and space customers. Its offerings include aircraft engines and auxiliary power units, avionics, flight-control and navigation systems, connectivity and safety technologies, and aircraft wheels and brakes. The company also provides maintenance, repair, overhaul, and other aftermarket support for aircraft equipment. Its customers include aircraft manufacturers, airlines, business-jet operators, and government and defense organizations around the world.

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Institutional Ownership by Quarter for Honeywell Aerospace (NASDAQ:HONA)

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