180,033 Shares in Honeywell Aerospace $HONA Purchased by Glenview Trust Co

Key Points

• Glenview Trust Co. purchased 180,033 Honeywell Aerospace shares in the second quarter, valued at approximately $41.8 million and representing a 0.06% stake.
• Several major institutions, including BlackRock, Bank of America, and Bank of New York Mellon, also established new positions in HONA during the quarter.
• HONA opened at $160.75, well below its 52-week high of $297.50. Analysts have a consensus “Hold” rating and an average price target of $224.17.

Glenview Trust Co bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 180,033 shares of the company's stock, valued at approximately $41,805,000. Glenview Trust Co owned 0.06% of Honeywell Aerospace at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in HONA. BlackRock Inc. acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at approximately $5,253,341,000. Bank of America Corp DE acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $1,034,187,000. Bank of New York Mellon Corp acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $644,412,000. Legal & General Group Plc acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $370,665,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Honeywell Aerospace in the 2nd quarter valued at approximately $205,658,000.

Honeywell Aerospace Stock Performance

Shares of HONA opened at $160.75 on Friday. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50. The stock has a market cap of $50.95 billion and a PE ratio of 85.96. The stock's 50 day simple moving average is $195.92.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last posted its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The company had revenue of $4.35 billion during the quarter. On average, equities analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HONA has been the subject of several research reports. JPMorgan Chase & Co. began coverage on Honeywell Aerospace in a report on Friday, July 10th. They set a "neutral" rating and a $255.00 price objective for the company. Melius Research raised Honeywell Aerospace to a "strong-buy" rating in a report on Monday, June 29th. Vertical Research assumed 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. Evercore set a $210.00 price objective on shares of Honeywell Aerospace in a research report on Thursday, August 6th. Finally, TD Cowen initiated coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a "hold" rating and a $250.00 price objective on the stock. 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 stock. According to data from MarketBeat.com, Honeywell Aerospace currently has a consensus rating of "Hold" and a consensus target price of $224.17.

About Honeywell Aerospace

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source