9,543 Shares in Honeywell Aerospace $HONA Bought by Mufg Securities Americas Inc.

Key Points

• MUFG Securities Americas initiated a 9,543-share position in Honeywell Aerospace during the second quarter, valued at approximately $2.11 million. Several smaller institutional investors also opened new positions.
• Honeywell Aerospace shares opened at $162.37, with a market capitalization of $51.46 billion and a price-to-earnings ratio of 86.83. The company reported $4.35 billion in quarterly revenue, while analysts expect $7.75 in full-year EPS.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $224.17; several firms recently lowered their targets, while Morgan Stanley upgraded the stock to “overweight.”

Mufg Securities Americas Inc. bought a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,543 shares of the company's stock, valued at approximately $2,110,000.

Other large investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in Honeywell Aerospace in the second quarter worth approximately $29,000. Bell Investment Advisors Inc bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $29,000. Strategic Wealth Advisors LLC purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at $40,000. Finally, Gables Capital Management Inc. purchased a new position in Honeywell Aerospace in the 2nd quarter worth $47,000.

Honeywell Aerospace Stock Performance

Shares of Honeywell Aerospace stock opened at $162.37 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 $51.46 billion and a price-to-earnings ratio of 86.83. The stock has a 50-day simple moving average of $195.14.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last posted its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The business had revenue of $4.35 billion for the quarter. Equities analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HONA has been the subject of several recent research reports. UBS Group lowered their price target on shares of Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating for the company in a research note on Thursday, August 6th. BNP Paribas Exane decreased their price objective on Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating on the stock in a report on Thursday, August 6th. Royal Bank Of Canada lowered their target price on Honeywell Aerospace from $300.00 to $250.00 and set an "outperform" rating for the company in a research note on Thursday, August 6th. Wall Street Zen upgraded Honeywell Aerospace to a "hold" rating in a report on Sunday, July 12th. Finally, Morgan Stanley upgraded Honeywell Aerospace from an "equal weight" rating to an "overweight" rating and set a $205.00 price target on the stock in a research report on Wednesday, August 19th. 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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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