20,864 Shares in Honeywell Aerospace $HONA Purchased by Flputnam Investment Management Co.

Key Points

• Flputnam Investment Management acquired 20,864 Honeywell Aerospace shares during the second quarter, valued at approximately $4.61 million. Several other institutional investors also initiated positions.
• Honeywell Aerospace shares opened at $166.36, with a market capitalization of $52.73 billion and a price-to-earnings ratio of 88.96. The company reported $4.35 billion in quarterly revenue, while analysts expect full-year earnings of $7.75 per share.
• Analysts maintain a consensus “Hold” rating, with an average price target of $224.17; ratings include one Strong Buy, four Buys, and ten Holds.

Flputnam Investment Management Co. acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 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 bought and sold shares of the company. Trifecta Capital Advisors LLC bought a new stake in Honeywell Aerospace during the second quarter valued at $67,000. Kelleher Financial Advisors purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $78,000. One Wealth Advisors LLC purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $210,000. Bridgewater Advisors Inc. bought a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at about $236,000. Finally, Silverlake Wealth Management LLC purchased a new position in shares of Honeywell Aerospace during the second quarter worth about $255,000.

Honeywell Aerospace Stock Performance

Shares of NASDAQ:HONA opened at $166.36 on Monday. The stock has a market cap of $52.73 billion and a P/E ratio of 88.96. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Jefferies Financial Group set a $175.00 target price on shares of Honeywell Aerospace in a research report on Sunday, August 9th. Wells Fargo & Company set a $195.00 target price on Honeywell Aerospace in a research note on Monday, August 10th. UBS Group dropped their price target on Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating for the company in a research note on Thursday, August 6th. Wall Street Zen upgraded shares of Honeywell Aerospace to a "hold" rating in a research report on Sunday, July 12th. Finally, Evercore set a $210.00 price target on shares of Honeywell Aerospace in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, Honeywell Aerospace presently has a consensus rating of "Hold" and an average price target 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.

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