Ironvine Capital Partners LLC Invests Heavily in Honeywell Aerospace

Ironvine Capital Partners LLC has made a significant investment in Honeywell Aerospace (NASDAQ:HONA) by purchasing 47,276 shares of the company's stock. This new stake is valued at approximately $10,452,000 and makes up 0.9% of Ironvine's investment portfolio.

This is not an isolated incident, as several other hedge funds have also modified their holdings of HONA in the second quarter. Bell Investment Advisors Inc purchased a new position worth about $29,000, while Meeder Asset Management Inc acquired a new stake valued at approximately $29,000.

Honeywell Aerospace reported earnings per share (EPS) of $6,340,000.00 for the quarter and had revenue of $4.35 billion during that period. Analysts expect the company to post 7.75 earnings per share for the current fiscal year.

Several analysts have weighed in on HONA, with JPMorgan Chase & Co starting coverage on shares of Honeywell Aerospace and setting a price objective of $255.00. Royal Bank Of Canada cut their price target from $300.00 to $250.00 and set an 'outperform' rating.