Northwestern Mutual Wealth Management Co. Purchases Shares of 44,954 Honeywell Aerospace $HONA

Key Points

• Northwestern Mutual Wealth Management purchased 44,954 Honeywell Aerospace shares during the second quarter, valued at approximately $10.1 million. Several other institutional investors also initiated new positions.
• Analyst sentiment is mixed: the stock has a consensus rating of “Hold” and an average price target of $224.17, although individual targets range from $213 to $275.
• Honeywell Aerospace shares opened at $164.73, with a market capitalization of $52.21 billion and a 52-week range of $150.03 to $297.50. The company reported quarterly revenue of $4.35 billion and analysts expect full-year earnings per share of $7.75.

Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 44,954 shares of the company's stock, valued at approximately $10,065,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Bell Investment Advisors Inc purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth $29,000. Strategic Wealth Advisors LLC acquired a new position in Honeywell Aerospace in the second quarter valued at $29,000. Meeder Asset Management Inc. purchased a new stake in Honeywell Aerospace during the second quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Honeywell Aerospace during the second quarter valued at about $40,000. Finally, Gables Capital Management Inc. acquired a new stake in Honeywell Aerospace during the second quarter worth about $47,000.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Royal Bank Of Canada cut their price objective on Honeywell Aerospace from $300.00 to $250.00 and set an "outperform" rating on the stock in a report on Thursday, August 6th. Wolfe Research assumed coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a "hold" rating for the company. Argus initiated coverage on shares of Honeywell Aerospace in a research report on Thursday, July 9th. They set a "buy" rating and a $275.00 target price for the company. JPMorgan Chase & Co. assumed coverage on shares of Honeywell Aerospace in a report on Friday, July 10th. They issued a "neutral" rating and a $255.00 price target on the stock. Finally, UBS Group reduced their target price on shares of Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating on the stock in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $224.17.

Honeywell Aerospace Stock Performance

NASDAQ HONA opened at $164.73 on Monday. The firm has a market cap of $52.21 billion and a PE ratio of 88.09. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50.

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 for the quarter. The firm had revenue of $4.35 billion for the quarter. As a group, equities research analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current year.

About Honeywell Aerospace

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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