Northwestern Mutual Wealth Management Co. bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 45,116 shares of the company’s stock, valued at approximately $9,974,000.
Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in Honeywell Aerospace in the second quarter valued at approximately $5,253,341,000. Bank of New York Mellon Corp bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth approximately $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $205,658,000. Deutsche Bank AG acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $152,933,000. Finally, Madison Asset Management LLC bought a new position in shares of Honeywell Aerospace in the second quarter valued at $49,743,000.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. BNP Paribas Exane decreased their price objective on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. JPMorgan Chase & Co. assumed coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They set a “neutral” rating and a $255.00 price objective on the stock. Wells Fargo & Company set a $195.00 price objective on shares of Honeywell Aerospace in a research note on Monday, August 10th. Finally, Wolfe Research started coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $224.17.
Honeywell Aerospace Price Performance
Shares of NASDAQ HONA opened at $164.73 on Monday. The company has a market cap of $52.21 billion and a PE ratio of 88.09. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50.
Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last posted its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The business had revenue of $4.35 billion during the quarter. On average, research analysts expect that Honeywell Aerospace will post 7.75 EPS for the current year.
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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