Canada Pension Plan Investment Board Purchases Shares of 791,179 Honeywell Aerospace $HONA

Canada Pension Plan Investment Board bought a new position in shares of Honeywell Aerospace (NASDAQ:HONAFree Report) in the second quarter, Holdings Channel reports. The firm bought 791,179 shares of the company’s stock, valued at approximately $174,914,000.

Several other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at about $5,253,341,000. Bank of New York Mellon Corp acquired a new stake in Honeywell Aerospace in the second quarter valued at $644,412,000. Legal & General Group Plc bought a new position in shares of Honeywell Aerospace during the second quarter worth about $370,665,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Honeywell Aerospace during the 2nd quarter worth approximately $205,658,000. Finally, Deutsche Bank AG bought a new position in Honeywell Aerospace during the second quarter worth $152,933,000.

Wall Street Analyst Weigh In

HONA has been the subject of a number of research reports. Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. Vertical Research started coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They set a “hold” rating and a $243.00 target price on the stock. UBS Group reduced their price target on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Argus initiated coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price target for the company. Finally, Zacks Research raised shares of Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $224.17.

Read Our Latest Stock Analysis on HONA

Honeywell Aerospace Trading Up 2.3%

Shares of NASDAQ HONA opened at $164.01 on Thursday. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The company has a market cap of $51.98 billion and a P/E ratio of 87.71. The business has a 50 day moving average of $196.77.

Honeywell Aerospace (NASDAQ:HONAGet Free Report) last issued its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The company had revenue of $4.35 billion for the quarter. Equities research analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current year.

About Honeywell Aerospace

(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.

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

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