Amundi Purchases New Position in Honeywell Aerospace $HONA

Key Points

• Amundi acquired 313,777 Honeywell Aerospace shares in the second quarter, valued at approximately $70.3 million, giving it about a 0.10% ownership stake.
• Analyst sentiment is mixed: HONA has an overall “Hold” consensus rating and an average price target of $224.17, despite one “Strong Buy” and five “Buy” ratings.
• Honeywell Aerospace shares opened at $153.75, near their 12-month low of $149.19 and well below the $297.50 high; the company reported $4.35 billion in quarterly revenue.

Amundi purchased a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 313,777 shares of the company's stock, valued at approximately $70,255,000. Amundi owned approximately 0.10% of Honeywell Aerospace as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HONA. Ameliora Wealth Management Ltd. bought a new stake in shares of Honeywell Aerospace during the second quarter worth $25,000. Leo H. Evart Inc. bought a new position in shares of Honeywell Aerospace in the second quarter valued at about $26,000. Outlook Capital Management LLC acquired a new position in Honeywell Aerospace during the 2nd quarter worth about $26,000. Bell Investment Advisors Inc acquired a new position in Honeywell Aerospace during the 2nd quarter worth about $29,000. Finally, Meeder Asset Management Inc. bought a new stake in Honeywell Aerospace during the 2nd quarter worth about $29,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on HONA shares. Melius Research upgraded shares of Honeywell Aerospace to a "strong-buy" rating in a research report on Monday, June 29th. UBS Group reduced 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 report on Thursday, August 6th. Wells Fargo & Company set a $195.00 price target on shares of Honeywell Aerospace in a research note on Monday, August 10th. BMO Capital Markets lowered their price target on shares of Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating for the company in a report on Monday, August 10th. Finally, Wall Street Zen upgraded shares of Honeywell Aerospace to a "hold" rating in a research report on Sunday, July 12th. One equities research 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. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $224.17.

Honeywell Aerospace Trading Up 1.4%

Shares of Honeywell Aerospace 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 business's fifty day moving average is $186.38. The firm has a market capitalization of $48.73 billion and a PE ratio of 82.22.

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 for the quarter. As a group, research analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

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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