Commerzbank Aktiengesellschaft FI acquired a new stake in Honeywell Aerospace (NASDAQ:HONA – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 20,942 shares of the company’s stock, valued at approximately $4,630,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HONA. Bank of New York Mellon Corp acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Honeywell Aerospace during the 2nd quarter valued at $205,658,000. Trust Co. of Vermont acquired a new position in shares of Honeywell Aerospace in the second quarter worth $20,428,000. CORDA Investment Management LLC. acquired a new position in shares of Honeywell Aerospace in the second quarter worth $11,607,000. Finally, IMC Chicago LLC purchased a new stake in shares of Honeywell Aerospace during the second quarter worth $10,508,000.
Honeywell Aerospace Price Performance
HONA stock opened at $161.56 on Tuesday. The stock has a market cap of $51.21 billion and a price-to-earnings ratio of 86.40. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on HONA shares. Jefferies Financial Group set a $175.00 price objective on Honeywell Aerospace in a research report on Sunday, August 9th. Wells Fargo & Company set a $195.00 target price on Honeywell Aerospace in a research report on Monday, August 10th. Royal Bank Of Canada cut their price target on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, August 6th. Evercore set a $210.00 price target on Honeywell Aerospace in a report on Thursday, August 6th. Finally, Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $224.17.
View Our Latest Stock Analysis on Honeywell Aerospace
Honeywell Aerospace Company Profile
Honeywell Aerospace Inc manufactures and supplies aircraft components, avionics, engines, and systems for airframe manufacturing, commercial airline, military and defense, business aviation, and space markets, as well as other markets in the aerospace industry. The company offers actuation products, air and thermal management products, auxiliary power units, cabin management and entertainment products, cockpit systems and displays, electric power products, engines, health and usage monitoring products, lighting products, microelectronics, navigation products and radios, recorders and transmitters, satellite communications, sensors, space products, terrain and traffic awareness, vehicle turbochargers, weather radars, and wheels and braking systems.
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