Honeywell Aerospace Stock Sees Significant Institutional Selling

Main Street Financial Solutions LLC recently reduced its position in shares of Honeywell Aerospace (NASDAQ:HONA), decreasing its holdings by 76% in the second quarter. The fund owned 2,176 shares after selling 6,903 shares during the period.

The value of Main Street Financial Solutions LLC's holdings in Honeywell Aerospace was $487,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also modified their positions in the company, with some buying new stakes worth thousands of dollars.

Wall Street analysts predict that Honeywell Aerospace will post 7.75 EPS for the current year. Several research firms have issued reports on the company, with Wells Fargo & Company setting a price target of $195.00 and Melius Research upgrading the stock to 'strong-buy' rating.