Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 929,990 shares of the company's stock, valued at approximately $205,658,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.29% of Honeywell Aerospace at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bell Investment Advisors Inc purchased a new stake in Honeywell Aerospace in the second quarter valued at $29,000. Trifecta Capital Advisors LLC acquired a new position in Honeywell Aerospace in the second quarter valued at $67,000. Kelleher Financial Advisors purchased a new position in shares of Honeywell Aerospace during the second quarter worth about $78,000. J.Safra Asset Management Corp purchased a new position in shares of Honeywell Aerospace during the second quarter worth about $124,000. Finally, One Wealth Advisors LLC acquired a new stake in shares of Honeywell Aerospace during the second quarter worth about $210,000.
Honeywell Aerospace Price Performance
Shares of HONA opened at $161.56 on Tuesday. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The stock has a market cap of $51.21 billion and a PE ratio of 86.40.
Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last released its quarterly 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. On average, sell-side analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. Wall Street Zen raised Honeywell Aerospace to a "hold" rating in a report on Sunday, July 12th. Wells Fargo & Company set a $195.00 price target on Honeywell Aerospace in a research report on Monday, August 10th. BNP Paribas Exane reduced their price objective on Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating for the company in a research note on Thursday, August 6th. Argus started coverage on Honeywell Aerospace in a report on Thursday, July 9th. They issued a "buy" rating and a $275.00 price objective for the company. Finally, Royal Bank Of Canada decreased their price objective on Honeywell Aerospace from $300.00 to $250.00 and set an "outperform" rating for the company in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $224.17.
View Our Latest Stock Analysis on HONA
Honeywell Aerospace Profile
(
Free Report)
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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