Blue Whale Capital LLP acquired a new position in Honeywell Aerospace (NASDAQ:HONA - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 332,058 shares of the company's stock, valued at approximately $73,411,000. Honeywell Aerospace accounts for approximately 2.3% of Blue Whale Capital LLP's investment portfolio, making the stock its 16th biggest holding. Blue Whale Capital LLP owned about 0.10% of Honeywell Aerospace at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Bell Investment Advisors Inc purchased a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $29,000. Strategic Wealth Advisors LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $29,000. Meeder Asset Management Inc. purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $40,000. Finally, Gables Capital Management Inc. bought a new position in Honeywell Aerospace during the 2nd quarter valued at approximately $47,000.
Analyst Upgrades and Downgrades
HONA has been the subject of a number of recent research reports. BNP Paribas Exane lowered their price objective 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. Wells Fargo & Company set a $195.00 target price on Honeywell Aerospace in a research note on Monday, August 10th. Zacks Research upgraded Honeywell Aerospace to a "hold" rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a research report on Friday, July 10th. They issued a "neutral" rating and a $255.00 price target for the company. Finally, TD Cowen started coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a "hold" rating and a $250.00 price target on the stock. One equities research 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $224.17.
Get Our Latest Research Report on HONA
Honeywell Aerospace Stock Performance
Shares of NASDAQ:HONA opened at $161.20 on Tuesday. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50. The firm has a market cap of $51.09 billion and a PE ratio of 86.20.
Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last released its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The business had revenue of $4.35 billion during the quarter. On average, research analysts predict 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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