Flputnam Investment Management Co. Invests $4.61 Million in Honeywell Aerospace $HONA

Flputnam Investment Management Co. purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONAFree Report) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 20,864 shares of the company’s stock, valued at approximately $4,613,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HONA. Northwestern Mutual Wealth Management Co. acquired a new stake in Honeywell Aerospace during the 2nd quarter valued at $9,974,000. Private Management Group Inc. bought a new position in Honeywell Aerospace in the 2nd quarter worth approximately $237,000. Wedbush Securities Inc. acquired a new position in Honeywell Aerospace during the 2nd quarter worth $2,281,000. Meiji Yasuda Life Insurance Co acquired a new position in Honeywell Aerospace during the 2nd quarter worth $772,000. Finally, Okabena Investment Services Inc. acquired a new position in Honeywell Aerospace during the 2nd quarter worth $203,000.

Honeywell Aerospace Price Performance

NASDAQ:HONA opened at $162.37 on Monday. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50. The firm has a market capitalization of $51.46 billion and a price-to-earnings ratio of 86.83. The firm has a 50-day moving average of $195.14.

Honeywell Aerospace (NASDAQ:HONAGet Free Report) last announced its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The company had revenue of $4.35 billion during the quarter. As a group, sell-side analysts expect that Honeywell Aerospace will post 7.75 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on HONA. Argus started coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 target price for the company. Royal Bank Of Canada cut their price target on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. BNP Paribas Exane decreased their price target on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Wolfe Research started coverage on Honeywell Aerospace in a research report on Monday, June 29th. They issued a “hold” rating for the company. Finally, Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $224.17.

Check Out Our Latest Stock Analysis on Honeywell Aerospace

Honeywell Aerospace Company 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.

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

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