181,150 Shares in Honeywell Aerospace $HONA Purchased by Korea Investment CORP

Korea Investment CORP bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONAFree Report) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 181,150 shares of the company’s stock, valued at approximately $40,049,000.

A number of other large investors also recently added to or reduced their stakes in the business. Hardy Reed LLC bought a new position in Honeywell Aerospace in the 2nd quarter worth approximately $1,151,000. Plan Group Financial LLC bought a new stake in shares of Honeywell Aerospace during the second quarter valued at approximately $270,000. Mill Capital Management LLC bought a new stake in shares of Honeywell Aerospace during the second quarter valued at approximately $419,000. Bryn Mawr Trust Advisors LLC purchased a new position in shares of Honeywell Aerospace in the second quarter worth $1,301,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Honeywell Aerospace in the second quarter worth $8,809,000.

Honeywell Aerospace Stock Down 0.7%

HONA stock opened at $164.73 on Friday. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The firm has a market capitalization of $52.21 billion and a P/E ratio of 88.09.

Honeywell Aerospace (NASDAQ:HONAGet Free Report) last announced 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. Analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. BNP Paribas Exane dropped their target price 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. Jefferies Financial Group set a $175.00 price target on shares of Honeywell Aerospace in a research note on Sunday, August 9th. Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. Finally, Royal Bank Of Canada reduced their target price on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. One 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $224.17.

Get Our Latest Report on HONA

Honeywell Aerospace Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Honeywell Aerospace (NASDAQ:HONA)

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