Caisse de depot et placement du Quebec Purchases New Shares in Honeywell Aerospace $HONA

Key Points

• Caisse de dépôt et placement du Québec acquired 220,862 Honeywell Aerospace shares worth approximately $48.8 million, representing 0.07% of the company. Several other institutional investors also initiated positions during the second quarter.
• Honeywell Aerospace shares opened at $160.75, near their one-year low of $150.03 and well below their 52-week high of $297.50. The company has a market capitalization of about $51 billion and a price-to-earnings ratio of 85.96.
• Analysts maintain a consensus “Hold” rating with an average price target of $224.17, although ratings range from “Strong Buy” to “Hold.” Honeywell Aerospace reported quarterly revenue of $4.35 billion, while analysts expect full-year earnings of $7.75 per share.

Caisse de depot et placement du Quebec purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 220,862 shares of the company's stock, valued at approximately $48,828,000. Caisse de depot et placement du Quebec owned 0.07% of Honeywell Aerospace at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of HONA. Hardy Reed LLC acquired a new position in Honeywell Aerospace in the second quarter valued at $1,151,000. Plan Group Financial LLC purchased a new position in shares of Honeywell Aerospace during the second quarter worth about $270,000. Mill Capital Management LLC purchased a new position in shares of Honeywell Aerospace during the second quarter worth about $419,000. Bryn Mawr Trust Advisors LLC acquired a new position in Honeywell Aerospace in the 2nd quarter valued at about $1,301,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Honeywell Aerospace during the 2nd quarter valued at approximately $8,809,000.

Honeywell Aerospace Price Performance

Shares of HONA stock opened at $160.75 on Friday. The business's fifty day simple moving average is $195.92. The firm has a market capitalization of $50.95 billion and a price-to-earnings ratio of 85.96. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last issued its earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The company had revenue of $4.35 billion for the quarter. On average, equities research analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HONA shares. BMO Capital Markets decreased their price objective on Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating for the company in a research report on Monday, August 10th. Argus began coverage on Honeywell Aerospace in a report on Thursday, July 9th. They set a "buy" rating and a $275.00 price target for the company. TD Cowen began coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They issued a "hold" rating and a $250.00 price objective on the stock. Wells Fargo & Company set a $195.00 price objective on shares of Honeywell Aerospace in a research note on Monday, August 10th. Finally, Morgan Stanley upgraded shares of Honeywell Aerospace from an "equal weight" rating to an "overweight" rating and set a $205.00 price objective for the company in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Honeywell Aerospace currently has an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source