Cibc World Market Inc. purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 112,044 shares of the company’s stock, valued at approximately $24,771,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. purchased a new position in Honeywell Aerospace during the 2nd quarter worth $5,253,341,000. Bank of New York Mellon Corp bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at about $205,658,000. Deutsche Bank AG purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at about $152,933,000. Finally, Haverford Trust Co bought a new position in shares of Honeywell Aerospace during the second quarter valued at about $98,787,000.
Analyst Ratings Changes
Several research firms recently weighed in on HONA. Argus started coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They set a “buy” rating and a $275.00 price target on the stock. Wolfe Research started coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating on the stock. Royal Bank Of Canada cut their target price on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Morgan Stanley raised Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price for the company in a report on Wednesday, August 19th. Finally, Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $224.17.
Honeywell Aerospace Price Performance
Shares of NASDAQ HONA opened at $161.20 on Tuesday. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50. The firm has a market cap of $51.09 billion and a price-to-earnings ratio of 86.20.
Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last issued its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The firm had revenue of $4.35 billion during the quarter. Analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current year.
About Honeywell Aerospace
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.
Featured Articles
- Five stocks we like better than Honeywell Aerospace
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Want to see what other hedge funds are holding HONA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell Aerospace (NASDAQ:HONA – Free Report).
Receive News & Ratings for Honeywell Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.
