7,859 Shares in Honeywell Aerospace $HONA Bought by Meiji Yasuda Asset Management Co Ltd.

Key Points

• Meiji Yasuda Asset Management acquired 7,859 Honeywell Aerospace shares in the second quarter, valued at approximately $1.74 million. Several other institutional investors also initiated positions in the company.
• Analyst sentiment remains mixed: Morgan Stanley upgraded the stock to “overweight,” while other firms cut price targets. The consensus rating is “Hold”, with an average target price of $224.17.
• HONA opened at $161.20, near its 52-week low of $150.03 and well below its $297.50 high. Honeywell Aerospace reported $4.35 billion in quarterly revenue, and analysts expect $7.75 in full-year earnings per share.

Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,859 shares of the company's stock, valued at approximately $1,737,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HONA. Bell Investment Advisors Inc acquired a new stake in Honeywell Aerospace during the 2nd quarter worth about $29,000. Strategic Wealth Advisors LLC purchased a new position in shares of Honeywell Aerospace during the 2nd quarter valued at about $29,000. Meeder Asset Management Inc. acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $40,000. Finally, Gables Capital Management Inc. purchased a new stake in shares of Honeywell Aerospace in the second quarter worth about $47,000.

Analyst Upgrades and Downgrades

HONA has been the topic of several analyst reports. Morgan Stanley raised Honeywell Aerospace from an "equal weight" rating to an "overweight" rating and set a $205.00 target price on the stock in a report on Wednesday, August 19th. Vertical Research initiated coverage on Honeywell Aerospace in a report on Wednesday, July 1st. They issued a "hold" rating and a $243.00 price target for the company. BMO Capital Markets lowered their price objective on Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating on the stock in a research report on Monday, August 10th. Wall Street Zen raised shares of Honeywell Aerospace to a "hold" rating in a research note on Sunday, July 12th. Finally, BNP Paribas Exane cut their target price on shares of Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating for the company in a report on Thursday, August 6th. One 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $224.17.

Honeywell Aerospace Stock Performance

HONA stock opened at $161.20 on Tuesday. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50. The stock has a market cap of $51.09 billion and a PE ratio of 86.20.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last announced its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The business had revenue of $4.35 billion during the quarter. Sell-side analysts forecast that Honeywell Aerospace will post 7.75 earnings per share 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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