Tompkins Financial Corp Invests $2.49 Million in Honeywell Aerospace

Tompkins Financial Corp has acquired a new stake in Honeywell Aerospace (NASDAQ:HONA), investing approximately $2.49 million during the third quarter. The firm purchased 16,088 shares of the company’s stock, according to its latest SEC filing.

Honeywell Aerospace has attracted attention from several other institutional investors as well. During the second quarter, Ameliora Wealth Management Ltd., Leo H. Evart Inc., Outlook Capital Management LLC, Security National Bank of SO Dak, and Cherry Tree Wealth Management LLC all initiated new positions in the company, with investments ranging from $25,000 to $28,000.

Analysts have offered mixed opinions on Honeywell Aerospace. Morgan Stanley upgraded the stock from “equal weight” to “overweight” with a $205 price target, while JPMorgan Chase & Co. initiated coverage with a “neutral” rating and a $255 target. Melius Research set a $190 target, and Jefferies Financial Group placed a $175 price objective. However, Zacks Research downgraded the stock to a “strong sell” rating.

The stock currently has a consensus “Hold” rating among analysts, with an average price target of $219.29. Honeywell Aerospace reported earnings of $6.34 million per share for the quarter ending June 15th, with revenue of $4.35 billion. The company’s stock has a market cap of $49.27 billion and a PE ratio of 83.14, trading between a 52-week low of $149.19 and a high of $297.50.