OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Honeywell Aerospace (NASDAQ:HONA – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,500 shares of the company’s stock, valued at approximately $1,455,000.
Several other large investors have also recently made changes to their positions in HONA. Bell Investment Advisors Inc acquired a new position in Honeywell Aerospace during the second quarter worth $29,000. Strategic Wealth Advisors LLC acquired a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $29,000. Meeder Asset Management Inc. acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at $40,000. Finally, Gables Capital Management Inc. purchased a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $47,000.
Honeywell Aerospace Trading Down 0.7%
Shares of NASDAQ HONA opened at $164.73 on Friday. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The stock has a market capitalization of $52.21 billion and a price-to-earnings ratio of 88.09.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on HONA shares. Evercore set a $210.00 price objective on shares of Honeywell Aerospace in a research report on Thursday, August 6th. Jefferies Financial Group set a $175.00 price objective on Honeywell Aerospace in a report on Sunday, August 9th. TD Cowen started coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $250.00 price target on the stock. Wells Fargo & Company set a $195.00 price objective on shares of Honeywell Aerospace in a research report on Monday, August 10th. Finally, UBS Group dropped their target price on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Honeywell Aerospace presently has an average rating of “Hold” and a consensus price target of $224.17.
Read Our Latest Report on HONA
Honeywell Aerospace 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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