Shepherd Financial Partners Acquires New Stake in Honeywell Aerospace

Financial news has emerged of Shepherd Financial Partners LLC acquiring a new position in Honeywell Aerospace (NASDAQ:HONA). The company purchased 9,174 shares of HONA's stock during the second quarter, valuing at approximately $2.028 million.

This is not an isolated event, as several other hedge funds have also bought and sold shares of HONA during this period. Johnson Financial Group Inc., for instance, acquired a new stake in HONA worth around $1.449 million.

Honeywell Aerospace has garnered attention from analysts who have issued various ratings on the stock. TD Cowen initiated coverage with a 'hold' rating and a price objective of $250 per share. Other analysts have revised their target prices for HONA, with BMO Capital Markets cutting its target to $209 and setting an 'outperform' rating.

According to MarketBeat, HONA currently holds a consensus rating of 'Hold' among analysts, with a target price of $224.17 per share.