NS Partners Ltd acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 40,892 shares of the company’s stock, valued at approximately $10,469,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HONA. CMH Wealth Management LLC purchased a new stake in Honeywell Aerospace in the second quarter worth about $591,000. Covington Investment Advisors Inc. purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at about $3,811,000. JNBA Financial Advisors bought a new position in shares of Honeywell Aerospace in the second quarter worth approximately $294,000. Strategic Advisors LLC purchased a new position in Honeywell Aerospace in the 2nd quarter worth approximately $602,000. Finally, Camelot Portfolios LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth $224,000.
Honeywell Aerospace Trading Down 2.6%
Shares of HONA opened at $158.11 on Tuesday. The stock has a market capitalization of $50.11 billion and a P/E ratio of 84.55. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50. The company has a fifty day moving average price of $194.29.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the stock. Jefferies Financial Group set a $175.00 target price on shares of Honeywell Aerospace in a research report on Sunday, August 9th. BMO Capital Markets decreased their price target on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. Zacks Research raised shares of Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. TD Cowen started coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating and a $250.00 target price on the stock. Finally, Evercore set a $210.00 price target on Honeywell Aerospace in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $224.17.
View Our Latest Research Report on HONA
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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