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

Key Points

• Meiji Yasuda Asset Management purchased 7,859 Honeywell Aerospace shares in the second quarter, worth approximately $1.76 million. Several other institutional investors also initiated positions, including Haverford Trust Co., which invested about $93.4 million.
• Honeywell Aerospace shares opened at $161.20, compared with a 52-week range of $150.03 to $297.50. The company has a market capitalization of approximately $51.1 billion and a reported quarterly revenue of $4.35 billion.
• Analyst sentiment is mixed, with one Strong Buy, five Buy, and nine Hold ratings. The stock carries a consensus Hold rating and a consensus price target of $224.17.

Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 7,859 shares of the company's stock, valued at approximately $1,760,000.

Several other large investors also recently added to or reduced their stakes in the company. Elefante Mark B purchased a new position in shares of Honeywell Aerospace in the second quarter worth about $524,000. Haverford Financial Services Inc. purchased a new stake in shares of Honeywell Aerospace in the second quarter worth about $6,601,000. Nixon Capital LLC bought a new position in shares of Honeywell Aerospace in the second quarter valued at approximately $7,549,000. Haverford Trust Co bought a new position in shares of Honeywell Aerospace in the second quarter valued at approximately $93,441,000. Finally, Clear Harbor Asset Management LLC purchased a new position in Honeywell Aerospace during the second quarter valued at approximately $1,936,000.

Honeywell Aerospace Price Performance

HONA stock opened at $161.20 on Tuesday. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50. The company has a market capitalization of $51.09 billion and a price-to-earnings ratio of 86.20.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last posted its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The company had revenue of $4.35 billion for the quarter. As a group, equities research analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HONA shares. Argus began coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They set a "buy" rating and a $275.00 target price on the stock. Wall Street Zen upgraded shares of Honeywell Aerospace to a "hold" rating in a research report on Sunday, July 12th. BMO Capital Markets reduced their price target on shares of Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating for the company in a research report on Monday, August 10th. Melius Research raised shares of Honeywell Aerospace to a "strong-buy" rating in a report on Monday, June 29th. Finally, Jefferies Financial Group set a $175.00 price objective on Honeywell Aerospace in a research report on Sunday, August 9th. One investment 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $224.17.

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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