California State Teachers Retirement System Acquires New Position in Honeywell Aerospace $HONA

California State Teachers Retirement System acquired a new position in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 492,130 shares of the company's stock, valued at approximately $108,800,100. California State Teachers Retirement System owned 0.16% of Honeywell Aerospace as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at about $5,253,341,000. Wellington Management Group LLP acquired a new position in shares of Honeywell Aerospace during the second quarter valued at about $1,705,882,000. Bank of America Corp DE acquired a new stake in Honeywell Aerospace in the second quarter valued at approximately $1,034,187,000. Bank of New York Mellon Corp acquired a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $644,412,000. Finally, ABS Investment Management LLC acquired a new position in Honeywell Aerospace during the second quarter worth approximately $431,106,000.

Honeywell Aerospace Stock Down 1.0%

Shares of Honeywell Aerospace stock traded down $1.64 during trading on Tuesday, hitting $162.44. The stock had a trading volume of 2,687,473 shares, compared to its average volume of 3,560,390. The stock's 50 day simple moving average is $183.13. Honeywell Aerospace has a 1 year low of $149.19 and a 1 year high of $297.50. The stock has a market cap of $51.48 billion and a P/E ratio of 86.84.

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

Analyst Ratings Changes

Several equities analysts have recently commented on HONA shares. Wall Street Zen upgraded shares of Honeywell Aerospace to a "hold" rating in a research report on Sunday, July 12th. Royal Bank Of Canada dropped 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 report on Thursday, August 6th. BMO Capital Markets reduced their price objective on shares of Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating for the company in a research note on Monday, August 10th. UBS Group lowered their price objective on Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating on the stock in a research report on Thursday, August 6th. Finally, BNP Paribas Exane dropped their price target on Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating for the company in a research report on Thursday, August 6th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $221.54.

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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