662,791 Shares in Honeywell Aerospace $HONA Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 662,791 shares of Honeywell Aerospace in the second quarter, worth approximately $146.5 million and representing about 0.21% of the company. Several other institutional investors also initiated positions.
• Honeywell Aerospace reported quarterly revenue of $4.35 billion, while analysts expect full-year earnings of $7.75 per share. The stock was trading at $170.76, up 6.2%, with a market capitalization of $54.12 billion.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating and an average price target of $224.17, despite one Strong Buy and five Buy ratings among the analysts covering it.

Deutsche Bank AG bought a new position in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 662,791 shares of the company's stock, valued at approximately $146,530,000. Deutsche Bank AG owned about 0.21% of Honeywell Aerospace at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Perigon Wealth Management LLC acquired a new position in shares of Honeywell Aerospace during the second quarter valued at $2,975,000. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Honeywell Aerospace during the second quarter valued at about $4,630,000. Trust Co. of Vermont acquired a new stake in Honeywell Aerospace in the second quarter worth about $20,428,000. Principle Wealth Partners LLC acquired a new stake in Honeywell Aerospace in the second quarter worth about $1,820,000. Finally, Focused Wealth Management Inc bought a new position in Honeywell Aerospace in the 2nd quarter valued at about $504,000.

Honeywell Aerospace Trading Up 6.2%

NASDAQ:HONA opened at $170.76 on Thursday. The firm has a market cap of $54.12 billion and a P/E ratio of 91.31. 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 announced its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The company had revenue of $4.35 billion for the quarter. Equities research analysts predict that Honeywell Aerospace will post 7.75 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HONA shares. Royal Bank Of Canada reduced their price target on shares of Honeywell Aerospace from $300.00 to $250.00 and set an "outperform" rating for the company in a research note on Thursday, August 6th. Evercore set a $210.00 price objective on shares of Honeywell Aerospace in a research note on Thursday, August 6th. TD Cowen started coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They set a "hold" rating and a $250.00 price objective on the stock. Zacks Research raised Honeywell Aerospace to a "hold" rating in a report on Wednesday, July 1st. Finally, Vertical Research assumed coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They issued a "hold" rating and a $243.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price 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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