113,979 Shares in Honeywell Aerospace $HONA Acquired by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada acquired 113,979 Honeywell Aerospace shares worth approximately $25.85 million during the second quarter, joining several major institutions that initiated positions in the company.
• Honeywell Aerospace shares opened at $161.01, near the lower end of their 52-week range of $150.03 to $297.50. The stock has a market capitalization of about $51.03 billion and a price-to-earnings ratio of 86.10.
• Analysts have assigned the stock an overall “Hold” rating, with an average price target of $224.17; recent targets ranged from $209 to $275, while the company reported quarterly revenue of $4.35 billion.

TD Waterhouse Canada Inc. acquired a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 113,979 shares of the company's stock, valued at approximately $25,848,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HONA. BlackRock Inc. acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $5,253,341,000. Wellington Management Group LLP acquired a new position in Honeywell Aerospace in the second quarter valued at about $1,705,882,000. Bank of America Corp DE bought a new position in Honeywell Aerospace during the second quarter worth about $1,034,187,000. Bank of New York Mellon Corp acquired a new position in shares of Honeywell Aerospace during the 2nd quarter worth about $644,412,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $370,544,000.

Honeywell Aerospace Price Performance

Shares of NASDAQ HONA opened at $161.01 on Friday. The firm has a 50-day moving average of $191.08. The company has a market cap of $51.03 billion and a PE ratio of 86.10. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last issued 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 for the quarter. On average, sell-side analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HONA shares. BMO Capital Markets decreased their price objective on shares of Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating for the company in a report on Monday, August 10th. Wolfe Research assumed coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They issued a "hold" rating for the company. Wall Street Zen upgraded Honeywell Aerospace to a "hold" rating in a report on Sunday, July 12th. UBS Group lowered their price target on Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating for the company in a report on Thursday, August 6th. Finally, Argus started coverage on Honeywell Aerospace in a research report on Thursday, July 9th. They issued a "buy" rating and a $275.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $224.17.

Honeywell Aerospace Company 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.

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