Flputnam Investment Management Co. Buys New Shares in Honeywell Aerospace $HONA

Key Points

• Flputnam Investment Management initiated a position in Honeywell Aerospace, purchasing 20,868 shares valued at approximately $4.67 million during the second quarter. Several other institutional investors also established new stakes.
• Honeywell Aerospace shares opened at $166.36, with a market capitalization of $52.73 billion and a price-to-earnings ratio of 88.96. The company reported $4.35 billion in quarterly revenue, while analysts expect full-year EPS of $7.75.
• Analyst sentiment remains mixed: the stock carries a consensus “Hold” rating and an average price target of $224.17, despite recent target reductions from BNP Paribas Exane and RBC.

Flputnam Investment Management Co. bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,868 shares of the company's stock, valued at approximately $4,672,000.

Several other institutional investors have also added to or reduced their stakes in HONA. Trifecta Capital Advisors LLC bought a new stake in Honeywell Aerospace during the second quarter worth approximately $67,000. Kelleher Financial Advisors purchased a new stake in shares of Honeywell Aerospace during the second quarter worth about $78,000. One Wealth Advisors LLC acquired a new stake in shares of Honeywell Aerospace during the second quarter valued at about $210,000. Bridgewater Advisors Inc. acquired a new position in Honeywell Aerospace in the 2nd quarter valued at about $236,000. Finally, Silverlake Wealth Management LLC acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at $252,000.

Honeywell Aerospace Stock Performance

Honeywell Aerospace stock opened at $166.36 on Monday. The stock has a market capitalization of $52.73 billion and a PE ratio of 88.96. 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 announced its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The firm had revenue of $4.35 billion for the quarter. On average, research analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Analysts Set New Price Targets

HONA has been the subject of several research analyst reports. BNP Paribas Exane decreased their price objective on shares of Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating for the company in a research note on Thursday, August 6th. Melius Research upgraded shares of Honeywell Aerospace to a "strong-buy" rating in a research report on Monday, June 29th. Royal Bank Of Canada lowered their target price on shares of Honeywell Aerospace from $300.00 to $250.00 and set an "outperform" rating for the company in a research note 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. Finally, Morgan Stanley set a $205.00 price target on shares of Honeywell Aerospace in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $224.17.

Honeywell Aerospace 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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