Amundi Invests $69.37 Million in Honeywell Aerospace $HONA

Key Points

• Amundi acquired 313,777 Honeywell Aerospace shares in the second quarter, valued at approximately $69.37 million and representing a 0.10% stake.
• Several other institutional investors also initiated positions, while HONA shares opened at $153.75, near their 12-month low of $149.19 and well below the 12-month high of $297.50.
• Analysts maintain a consensus “Hold” rating with an average price target of $224.17; the company reported $4.35 billion in quarterly revenue and analysts expect $7.75 in current-year EPS.

Amundi purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 313,777 shares of the company's stock, valued at approximately $69,370,000. Amundi owned 0.10% of Honeywell Aerospace as of its most recent filing with the Securities & Exchange Commission.

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

Honeywell Aerospace Stock Up 1.4%

Shares of HONA stock opened at $153.75 on Friday. Honeywell Aerospace has a 12-month low of $149.19 and a 12-month high of $297.50. The stock has a 50-day moving average price of $186.38. The company has a market capitalization of $48.73 billion and a PE ratio of 82.22.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wells Fargo & Company set a $195.00 price target on shares of Honeywell Aerospace in a research report on Monday, August 10th. JPMorgan Chase & Co. assumed coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They set a "neutral" rating and a $255.00 price objective on the stock. BMO Capital Markets lowered their target price on shares of Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating on the stock in a research note on Monday, August 10th. UBS Group lowered their target price on shares of Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating on the stock in a research note on Thursday, August 6th. Finally, Wall Street Zen raised shares of Honeywell Aerospace to a "hold" rating in a report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, Honeywell Aerospace currently has an average rating of "Hold" and a consensus price target of $224.17.

Honeywell Aerospace Company 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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