7,287 Shares in Honeywell Aerospace $HONA Bought by William Blair Investment Management LLC

Key Points

• William Blair Investment Management acquired 7,287 Honeywell Aerospace shares during the second quarter, valued at approximately $1.63 million. Several other major institutions, including BlackRock and Bank of New York Mellon, also initiated sizable positions.
• Analyst sentiment is mixed but leans cautious: the stock has an average “Hold” rating and a consensus price target of $224.17, with targets ranging from $175 to $255.
• Honeywell Aerospace shares opened at $164.73, compared with a 52-week range of $150.03 to $297.50. The company reported $4.35 billion in quarterly revenue, while analysts expect full-year EPS of $7.75.

William Blair Investment Management LLC acquired a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 7,287 shares of the company's stock, valued at approximately $1,632,000.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Honeywell Aerospace during the 2nd quarter worth $5,253,341,000. Bank of New York Mellon Corp purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at about $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Honeywell Aerospace during the second quarter worth about $205,658,000. Deutsche Bank AG acquired a new position in shares of Honeywell Aerospace during the second quarter worth about $152,933,000. Finally, Madison Asset Management LLC purchased a new position in Honeywell Aerospace during the second quarter worth about $49,743,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Zacks Research upgraded shares of Honeywell Aerospace to a "hold" rating in a research report on Wednesday, July 1st. Evercore set a $210.00 target price on Honeywell Aerospace in a research note on Thursday, August 6th. Wolfe Research assumed coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a "hold" rating for the company. JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a research note on Friday, July 10th. They issued a "neutral" rating and a $255.00 price target on the stock. Finally, Jefferies Financial Group set a $175.00 price objective on Honeywell Aerospace in a report on Sunday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Honeywell Aerospace has an average rating of "Hold" and an average target price of $224.17.

Honeywell Aerospace Price Performance

Shares of NASDAQ HONA opened at $164.73 on Monday. The stock has a market capitalization of $52.21 billion and a P/E ratio of 88.09. 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 issued its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The company had revenue of $4.35 billion during the quarter. As a group, research analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Honeywell Aerospace Company 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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