41,257 Shares in Honeywell Aerospace $HONA Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH purchased a new position in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 41,257 shares of the company's stock, valued at approximately $9,121,000.

A number of other institutional investors have also added to or reduced their stakes in HONA. California State Teachers Retirement System purchased a new stake in Honeywell Aerospace in the 2nd quarter worth $24,053,526,000. BlackRock Inc. bought a new position in shares of Honeywell Aerospace during the 2nd quarter valued at about $5,253,341,000. Wellington Management Group LLP purchased a new position in shares of Honeywell Aerospace during the second quarter valued at about $1,705,882,000. Bank of America Corp DE purchased a new position in shares of Honeywell Aerospace during the second quarter valued at about $1,034,187,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Honeywell Aerospace during the second quarter valued at about $644,412,000.

Analysts Set New Price Targets

A number of research firms recently commented on HONA. Morgan Stanley upgraded Honeywell Aerospace from an "equal weight" rating to an "overweight" rating and set a $205.00 target price on the stock in a research report on Wednesday, August 19th. BMO Capital Markets cut their price target on Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating for the company in a report on Monday, August 10th. Wall Street Zen upgraded Honeywell Aerospace to a "hold" rating in a report on Sunday, July 12th. BNP Paribas Exane decreased their price target on shares of Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating on the stock in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They set a "neutral" rating and a $255.00 price objective for the company. One 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 company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $224.17.

Honeywell Aerospace Price Performance

Honeywell Aerospace stock opened at $155.42 on Wednesday. The stock has a 50-day moving average price of $189.76. 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 $49.26 billion and a price-to-earnings ratio of 83.11.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last announced 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, equities analysts predict that Honeywell Aerospace will post 7.75 EPS for the current year.

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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