Nissay Asset Management Corp Japan Takes Position in Honeywell Aerospace $HONA

Key Points

• Nissay Asset Management initiated a position in Honeywell Aerospace during the second quarter, purchasing 94,542 shares valued at approximately $20.9 million. Several smaller investment firms also disclosed new stakes.
• Honeywell Aerospace shares opened at $162.37, with a market capitalization of $51.46 billion and a 52-week range of $150.03 to $297.50. The company reported quarterly revenue of $4.35 billion, while analysts forecast full-year EPS of $7.75.
• Analyst sentiment remains mixed but leans neutral: Morgan Stanley upgraded the stock to overweight, while UBS lowered its price target to $213. The consensus rating is Hold, with an average target price of $224.17.

Nissay Asset Management Corp Japan purchased a new position in Honeywell Aerospace (NASDAQ:HONA - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 94,542 shares of the company's stock, valued at approximately $20,901,000.

Other large investors also recently modified their holdings of the company. Bell Investment Advisors Inc purchased a new position in Honeywell Aerospace during the second quarter valued at approximately $29,000. Meeder Asset Management Inc. purchased a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $29,000. Strategic Wealth Advisors LLC bought a new position in Honeywell Aerospace in the 2nd quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Honeywell Aerospace in the 2nd quarter valued at $40,000. Finally, Gables Capital Management Inc. purchased a new position in shares of Honeywell Aerospace during the 2nd quarter valued at $47,000.

Honeywell Aerospace Trading Up 1.0%

Shares of HONA opened at $162.37 on Friday. The company has a market cap of $51.46 billion and a price-to-earnings ratio of 86.83. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The business has a 50 day simple moving average of $195.14.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last announced its quarterly earnings data 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. Equities research analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wolfe Research initiated coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a "hold" rating on the stock. UBS Group decreased their target price on Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating on the stock in a research note on Thursday, August 6th. Wall Street Zen raised Honeywell Aerospace to a "hold" rating in a report on Sunday, July 12th. Zacks Research upgraded Honeywell Aerospace to a "hold" rating in a research report on Wednesday, July 1st. Finally, Morgan Stanley upgraded shares of Honeywell Aerospace from an "equal weight" rating to an "overweight" rating and set a $205.00 price objective on the stock in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average 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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