Northwestern Mutual Wealth Management Co. acquired a new stake 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. The fund acquired 45,116 shares of the company’s stock, valued at approximately $9,974,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hardy Reed LLC acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at about $1,151,000. Plan Group Financial LLC purchased a new stake in shares of Honeywell Aerospace during the second quarter worth $270,000. Mill Capital Management LLC purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at about $419,000. Bryn Mawr Trust Advisors LLC purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $1,301,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Honeywell Aerospace in the 2nd quarter valued at $8,809,000.
Honeywell Aerospace Stock Down 1.1%
Shares of NASDAQ:HONA opened at $152.55 on Thursday. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50. The company has a 50-day simple moving average of $192.52. The stock has a market capitalization of $48.35 billion and a PE ratio of 81.58.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on HONA. TD Cowen began coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $250.00 price target for the company. JPMorgan Chase & Co. initiated coverage on Honeywell Aerospace in a research report on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price for the company. BNP Paribas Exane cut their price objective on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Evercore set a $210.00 target price on shares of Honeywell Aerospace in a research note on Thursday, August 6th. Finally, Zacks Research raised 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 given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $224.17.
View 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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