Honeywell Aerospace $HONA Stake Decreased by Ferguson Wellman Capital Management Inc.

by · The Markets Daily

Ferguson Wellman Capital Management Inc. lessened its position in Honeywell Aerospace (NASDAQ:HONA – Free Report) by 84.5% in the third quarter, HoldingsChannel reports. The firm owned 46,016 shares of the company’s stock after selling 251,221 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Honeywell Aerospace were worth $7,131,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HONA. Bright Rock Capital Management LLC purchased a new stake in Honeywell Aerospace in the third quarter worth $8,717,000. Adelphi Trust Co purchased a new position in Honeywell Aerospace during the third quarter valued at $480,000. Eastern Bank bought a new stake in shares of Honeywell Aerospace during the 3rd quarter valued at $979,000. Rockland Trust Co. purchased a new stake in shares of Honeywell Aerospace in the 3rd quarter worth about $19,978,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Honeywell Aerospace by 3.1% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 43,621 shares of the company’s stock worth $6,760,000 after buying an additional 1,297 shares during the period.

Analysts Set New Price Targets

HONA has been the topic of several research reports. Vertical Research started coverage on shares of Honeywell Aerospace in a research note on Wednesday, July 1st. They set a “hold” rating and a $243.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a research note on Friday, July 10th. They issued a “neutral” rating and a $255.00 price target on the stock. BNP Paribas Exane reduced their price objective on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. TD Cowen started coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating and a $250.00 price objective for the company. Finally, Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a report on Sunday, August 9th. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $219.29.

View Our Latest Report on HONA

Honeywell Aerospace Price Performance

Shares of HONA traded up $1.23 on Monday, hitting $155.85. 783,993 shares of the stock traded hands, compared to its average volume of 3,664,739. The stock has a market cap of $49.40 billion and a P/E ratio of 83.38. The firm has a 50 day simple moving average of $168.57. Honeywell Aerospace has a one year low of $149.19 and a one year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last released 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 during the quarter. On average, equities research analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current year.

About Honeywell Aerospace

(Free Report)

Honeywell Aerospace is an aerospace and defense technology company that develops systems and equipment for commercial aircraft, business and general aviation, military platforms, and spacecraft. Its portfolio includes aircraft engines and propulsion systems, auxiliary power units, avionics, flight controls, environmental control systems, electrical power systems, landing systems, communications technology, and aircraft safety products.

The company also provides software, connected-aircraft technologies, maintenance, repair and overhaul services, spare parts, upgrades, and other aftermarket support.

Further Reading

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