8,257 Shares in Honeywell Aerospace $HONA Purchased by Emerald Investment Advisers LLC

Key Points

• Emerald Investment Advisers purchased 8,257 Honeywell Aerospace shares in the second quarter, valued at approximately $1.825 million. Several major institutional investors, including BlackRock and Bank of New York Mellon, also established new positions.
• Honeywell Aerospace shares opened at $164.73, with a market capitalization of $52.21 billion and a P/E ratio of 88.09. The stock has traded between $150.03 and $297.50 over the past year.
• Analysts have a consensus “Hold” rating and an average price target of $224.17, although individual targets range from $195 to $300; Morgan Stanley recently upgraded the stock to “Overweight.”

Emerald Investment Advisers LLC acquired a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,257 shares of the company's stock, valued at approximately $1,825,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Honeywell Aerospace during the 2nd quarter worth approximately $5,253,341,000. Bank of New York Mellon Corp acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $205,658,000. Deutsche Bank AG purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $152,933,000. Finally, Madison Asset Management LLC purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $49,743,000.

Honeywell Aerospace Price Performance

Shares of Honeywell Aerospace stock opened at $164.73 on Friday. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50. The company has a market cap of $52.21 billion and a P/E ratio of 88.09.

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 during the quarter. On average, analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on HONA shares. Wells Fargo & Company set a $195.00 price objective on Honeywell Aerospace in a research report on Monday, August 10th. Morgan Stanley upgraded shares of Honeywell Aerospace from an "equal weight" rating to an "overweight" rating and set a $205.00 target price on the stock in a research report on Wednesday. Royal Bank Of Canada lowered their price target on shares of Honeywell Aerospace from $300.00 to $250.00 and set an "outperform" rating on the stock in a research note on Thursday, August 6th. JPMorgan Chase & Co. assumed coverage on shares of Honeywell Aerospace in a report on Friday, July 10th. They issued a "neutral" rating and a $255.00 price target for the company. Finally, TD Cowen assumed coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a "hold" rating and a $250.00 price objective for the company. One 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. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $224.17.

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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