Man Group plc acquired a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 27,713 shares of the company's stock, valued at approximately $6,127,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $5,253,341,000. Bank of New York Mellon Corp acquired a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $644,412,000. Legal & General Group Plc bought a new stake in Honeywell Aerospace in the 2nd quarter valued at $370,665,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Honeywell Aerospace in the 2nd quarter valued at $205,658,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Honeywell Aerospace during the 2nd quarter valued at $174,914,000.
Wall Street Analyst Weigh In
Several research firms recently issued reports on HONA. BNP Paribas Exane reduced their price target on Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating for the company in a research note on Thursday, August 6th. Royal Bank Of Canada lowered their price objective on Honeywell Aerospace from $300.00 to $250.00 and set an "outperform" rating on the stock in a research report on Thursday, August 6th. Argus assumed coverage on Honeywell Aerospace in a report on Thursday, July 9th. They set a "buy" rating and a $275.00 target price for the company. Jefferies Financial Group set a $175.00 price target on shares of Honeywell Aerospace in a research report on Sunday, August 9th. Finally, JPMorgan Chase & Co. began coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They issued a "neutral" rating and a $255.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Honeywell Aerospace has an average rating of "Hold" and an average target price of $224.17.
Get Our Latest Stock Report on HONA
Honeywell Aerospace Stock Up 1.0%
Shares of NASDAQ:HONA opened at $162.37 on Friday. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50. The firm has a market capitalization of $51.46 billion and a P/E ratio of 86.83. The business's fifty day moving average is $195.14.
Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last announced its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The business had revenue of $4.35 billion during the quarter. Sell-side analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.
Honeywell Aerospace Company Profile
(
Free Report)
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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