Primecap Management Co. CA purchased a new position in Honeywell Aerospace (NASDAQ:HONA – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 244,100 shares of the company’s stock, valued at approximately $54,654,000.
Several other hedge funds have also recently modified their holdings of the stock. Grandfield & Dodd LLC purchased a new position in Honeywell Aerospace in the 2nd quarter worth $759,000. SCS Capital Management LLC purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at about $1,821,000. SFE Investment Counsel purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at about $2,981,000. MidFirst Bank acquired a new position in shares of Honeywell Aerospace in the second quarter valued at about $5,608,000. Finally, IMC Chicago LLC acquired a new position in shares of Honeywell Aerospace in the second quarter valued at about $10,508,000.
Honeywell Aerospace Price Performance
NASDAQ:HONA opened at $164.01 on Thursday. The firm has a market capitalization of $51.98 billion and a PE ratio of 87.71. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The business’s fifty day moving average is $196.77.
Analysts Set New Price Targets
HONA has been the subject of a number of recent research reports. Argus assumed coverage on shares of Honeywell Aerospace in a research report on Thursday, July 9th. They set a “buy” rating and a $275.00 price target for the company. BMO Capital Markets reduced their target price on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a report on Monday, August 10th. Wells Fargo & Company set a $195.00 target price on shares of Honeywell Aerospace in a research report on Monday, August 10th. Morgan Stanley raised shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target on the stock in a report on Wednesday, August 19th. Finally, Royal Bank Of Canada reduced their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $224.17.
Check Out Our Latest 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.
Featured Articles
- Five stocks we like better than Honeywell Aerospace
- Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise
- Alcoa’s Gallium Project Opens a New Door Beyond Aluminum
- Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech
- Can Tesla’s Flying Roadster Distract From Its Real Risks?
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.
