750,586 Shares in Honeywell Aerospace $HONA Purchased by National Pension Service

Key Points

• National Pension Service purchased 750,586 Honeywell Aerospace shares in the second quarter, valued at approximately $165.94 million and representing about 0.24% of the company.
• HONA opened at $153.75, near its one-year low of $149.19 and well below its 52-week high of $297.50. The stock has a market capitalization of $48.73 billion and a P/E ratio of 82.22.
• Analysts maintain a consensus “Hold” rating with an average price target of $224.17, despite several recent target reductions.

National Pension Service purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 750,586 shares of the company's stock, valued at approximately $165,940,000. National Pension Service owned about 0.24% of Honeywell Aerospace as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of HONA. Ameliora Wealth Management Ltd. acquired a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $25,000. Leo H. Evart Inc. acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $26,000. Outlook Capital Management LLC acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $26,000. Bell Investment Advisors Inc bought a new position in shares of Honeywell Aerospace in the second quarter valued at $29,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Honeywell Aerospace in the second quarter valued at $29,000.

Honeywell Aerospace Stock Performance

NASDAQ:HONA opened at $153.75 on Friday. The firm has a market capitalization of $48.73 billion and a P/E ratio of 82.22. The company has a fifty day moving average of $186.38. Honeywell Aerospace has a one year low of $149.19 and a one year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last posted 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 for the quarter. On average, equities research analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on HONA shares. Jefferies Financial Group set a $175.00 price target on shares of Honeywell Aerospace in a research report on Sunday, August 9th. UBS Group decreased their price objective on shares of Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating for the company in a research report on Thursday, August 6th. JPMorgan Chase & Co. started coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They set a "neutral" rating and a $255.00 price objective on the stock. Royal Bank Of Canada cut their target price 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. Finally, 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 report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, Honeywell Aerospace presently has a consensus rating of "Hold" and an average price target of $224.17.

Honeywell Aerospace Profile

Honeywell Aerospace is an aerospace technology company that develops and supplies systems, components and services for commercial aviation, business and general aviation, defense and space markets. Its portfolio includes aircraft engines, auxiliary power units, avionics, flight controls, navigation and communication systems, thermal management equipment, wheels and brakes, and other propulsion and safety technologies.

The company serves aircraft manufacturers, airlines, business aviation operators, military customers and aftermarket service providers around the world.

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