128,918 Shares of Honeywell Aerospace $HONA Purchased by Rockland Trust Co.

Key Points

• Rockland Trust Co. purchased 128,918 Honeywell Aerospace shares in the third quarter, valued at approximately $19.98 million. Several major institutional investors, including BlackRock and State Street, also established large positions during the second quarter.
• Honeywell Aerospace shares rose 0.8% to $155.85, with a market capitalization of $49.4 billion. The stock is near its 12-month low of $149.19 and well below its 12-month high of $297.50.
• Analyst sentiment is mixed, with six Buy, nine Hold, and two Sell ratings; the consensus rating is Hold and the average price target is $219.29.

Rockland Trust Co. bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 128,918 shares of the company's stock, valued at approximately $19,978,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Honeywell Aerospace in the second quarter worth $5,253,341,000. State Street Corp purchased a new position in Honeywell Aerospace during the second quarter valued at $2,945,044,000. Wellington Management Group LLP purchased a new position in Honeywell Aerospace during the second quarter valued at $1,705,882,000. Bank of America Corp DE bought a new stake in Honeywell Aerospace in the 2nd quarter valued at $1,034,187,000. Finally, Bank of New York Mellon Corp bought a new stake in Honeywell Aerospace in the 2nd quarter valued at $644,412,000.

Honeywell Aerospace Stock Up 0.8%

Shares of NASDAQ HONA traded up $1.23 during trading hours on Monday, hitting $155.85. 783,993 shares of the company traded hands, compared to its average volume of 3,664,739. The firm's 50 day moving average is $168.57. Honeywell Aerospace has a 12 month low of $149.19 and a 12 month high of $297.50. The company has a market capitalization of $49.40 billion and a PE ratio of 83.38.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last posted its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The firm had revenue of $4.35 billion for the quarter. Sell-side analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Susquehanna initiated coverage on shares of Honeywell Aerospace in a report on Thursday, September 17th. They set a "positive" rating and a $190.00 price objective for the company. Vertical Research began coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They issued a "hold" rating and a $243.00 target price on the stock. TD Cowen assumed coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a "hold" rating and a $250.00 price target for the company. Evercore set a $210.00 price target on Honeywell Aerospace in a report on Thursday, August 6th. Finally, Wells Fargo & Company set a $195.00 price objective on Honeywell Aerospace in a research note on Monday, August 10th. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $219.29.

Honeywell Aerospace Profile

Honeywell Aerospace is an aerospace and defense technology company that develops systems and equipment for commercial aircraft, business and general aviation, military platforms, and spacecraft. Its portfolio includes aircraft engines and propulsion systems, auxiliary power units, avionics, flight controls, environmental control systems, electrical power systems, landing systems, communications technology, and aircraft safety products.

The company also provides software, connected-aircraft technologies, maintenance, repair and overhaul services, spare parts, upgrades, and other aftermarket support.

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