22,455 Shares in Honeywell Aerospace $HONA Purchased by OMERS ADMINISTRATION Corp

Key Points

• OMERS Administration Corp. acquired 22,455 Honeywell Aerospace shares in the second quarter, valued at approximately $5.03 million. Several other investment firms also initiated positions in the company.
• Honeywell Aerospace shares opened at $161.20 and were down 2.1%, with a market capitalization of $51.09 billion. The company reported quarterly revenue of $4.35 billion, while analysts expect full-year EPS of $7.75.
• Analyst sentiment is mixed, with the stock carrying a consensus “Hold” rating and an average price target of $224.17; ratings range from Strong Buy to Hold.

OMERS ADMINISTRATION Corp bought a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 22,455 shares of the company's stock, valued at approximately $5,028,000.

Other large investors have also recently bought and sold shares of the company. Bell Investment Advisors Inc acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $29,000. Strategic Wealth Advisors LLC bought a new stake in shares of Honeywell Aerospace in the second quarter worth $29,000. Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace during the second quarter worth $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Honeywell Aerospace in the second quarter valued at $40,000. Finally, Gables Capital Management Inc. bought a new position in Honeywell Aerospace in the second quarter valued at $47,000.

Honeywell Aerospace Trading Down 2.1%

Shares of HONA stock opened at $161.20 on Tuesday. The stock has a market capitalization of $51.09 billion and a PE ratio of 86.20. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HONA shares. Melius Research raised Honeywell Aerospace to a "strong-buy" rating in a research report on Monday, June 29th. JPMorgan Chase & Co. began coverage on Honeywell Aerospace in a research report on Friday, July 10th. They set a "neutral" rating and a $255.00 price target for the company. Evercore set a $210.00 price target on Honeywell Aerospace in a research note on Thursday, August 6th. BNP Paribas Exane lowered their price target on Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating on the stock in a research report on Thursday, August 6th. Finally, Jefferies Financial Group set a $175.00 price objective on Honeywell Aerospace in a research note on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $224.17.

Honeywell Aerospace 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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