Korea Investment CORP Takes $40.56 Million Position in Honeywell Aerospace $HONA

Key Points

• Korea Investment CORP acquired 181,150 Honeywell Aerospace shares worth approximately $40.56 million, giving it a 0.06% stake as of its latest SEC filing.
• Honeywell Aerospace reported quarterly revenue of $4.35 billion, while analysts expect full-year earnings of $7.75 per share. The stock opened at $164.73 and has a 12-month range of $150.03 to $297.50.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $224.17; several firms recently cut their targets and maintained neutral or hold ratings.

Korea Investment CORP purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 181,150 shares of the company's stock, valued at approximately $40,559,000. Korea Investment CORP owned 0.06% 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. Bell Investment Advisors Inc acquired a new stake in Honeywell Aerospace in the second quarter valued at about $29,000. Strategic Wealth Advisors LLC acquired a new position in Honeywell Aerospace during the 2nd quarter worth approximately $29,000. Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace during the 2nd quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $40,000. Finally, Gables Capital Management Inc. purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $47,000.

Honeywell Aerospace Price Performance

Shares of Honeywell Aerospace stock opened at $164.73 on Friday. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The stock has a market capitalization of $52.21 billion and a price-to-earnings ratio of 88.09.

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, sell-side analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HONA shares. BNP Paribas Exane reduced their price target on Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating for the company in a report on Thursday, August 6th. Wall Street Zen raised Honeywell Aerospace to a "hold" rating in a report on Sunday, July 12th. TD Cowen started coverage on Honeywell Aerospace in a research report on Monday, June 29th. They issued a "hold" rating and a $250.00 price objective for the company. Wells Fargo & Company set a $195.00 target price on Honeywell Aerospace in a report on Monday, August 10th. Finally, UBS Group decreased 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. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average 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.

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