Tiptree Advisors LLC purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor purchased 29,825 shares of the company’s stock, valued at approximately $6,594,000. Honeywell Aerospace accounts for 4.1% of Tiptree Advisors LLC’s investment portfolio, making the stock its 12th biggest holding.
Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Honeywell Aerospace in the 2nd quarter worth approximately $5,253,341,000. Bank of New York Mellon Corp acquired a new position in Honeywell Aerospace during the second quarter worth $644,412,000. Legal & General Group Plc acquired a new position in Honeywell Aerospace during the second quarter worth $370,665,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth about $205,658,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Honeywell Aerospace during the second quarter worth approximately $174,914,000.
Honeywell Aerospace Stock Up 2.3%
Honeywell Aerospace stock opened at $164.01 on Thursday. The company has a market cap of $51.98 billion and a price-to-earnings ratio of 87.71. The business’s 50 day moving average price is $196.77. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50.
Wall Street Analysts Forecast Growth
HONA has been the subject of a number of research analyst reports. TD Cowen began coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 target price for the company. BMO Capital Markets dropped their target price on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Evercore set a $210.00 price target on Honeywell Aerospace in a research note on Thursday, August 6th. BNP Paribas Exane reduced their price target 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. Finally, Zacks Research raised Honeywell Aerospace to a “hold” rating in a research note 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’s stock. According to MarketBeat, Honeywell Aerospace has an average rating of “Hold” and an average target price of $224.17.
Get Our Latest Research Report on Honeywell Aerospace
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.
Read More
- 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.
