1,687,829 Shares in Honeywell Aerospace $HONA Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Honeywell Aerospace (NASDAQ:HONAFree Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,687,829 shares of the company’s stock, valued at approximately $377,905,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.53% of Honeywell Aerospace at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $5,253,341,000. Wellington Management Group LLP bought a new position in Honeywell Aerospace during the second quarter valued at about $1,705,882,000. Bank of America Corp DE purchased a new stake in Honeywell Aerospace during the second quarter worth about $1,034,187,000. Bank of New York Mellon Corp purchased a new stake in Honeywell Aerospace during the second quarter worth about $644,412,000. Finally, Legal & General Group Plc purchased a new stake in Honeywell Aerospace during the second quarter worth about $370,665,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Wolfe Research began coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating for the company. BNP Paribas Exane reduced their price objective on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Morgan Stanley raised Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price for the company in a research report on Wednesday, August 19th. UBS Group dropped their price target on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Finally, Vertical Research initiated coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They set a “hold” rating and a $243.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $224.17.

View Our Latest Research Report on Honeywell Aerospace

Honeywell Aerospace Price Performance

Shares of HONA stock opened at $162.37 on Monday. The firm’s fifty day simple moving average is $195.14. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50. The company has a market cap of $51.46 billion and a PE ratio of 86.83.

Honeywell Aerospace (NASDAQ:HONAGet Free Report) last posted 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, analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current fiscal 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.

Further Reading

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

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