Northwestern Mutual Wealth Management Co. Takes Position in Honeywell Aerospace $HONA

Key Points

• Northwestern Mutual Wealth Management acquired 45,116 Honeywell Aerospace shares in the second quarter, worth approximately $9.97 million. Several other investment firms also initiated positions in the company.
• Honeywell Aerospace shares opened at $164.73, giving the company a market capitalization of about $52.21 billion and a price-to-earnings ratio of 88.09.
• Analysts maintain a consensus “Hold” rating, with an average price target of $224.17; ratings include one Strong Buy, five Buys, and nine Holds.

Northwestern Mutual Wealth Management Co. acquired a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 45,116 shares of the company's stock, valued at approximately $9,974,000.

A number of other large investors have also bought and sold shares of the business. Bell Investment Advisors Inc acquired a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $29,000. Strategic Wealth Advisors LLC bought a new position in Honeywell Aerospace in the second quarter valued at approximately $29,000. Meeder Asset Management Inc. acquired a new position in shares of Honeywell Aerospace in the second quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Honeywell Aerospace in the second quarter valued at approximately $40,000. Finally, Gables Capital Management Inc. acquired a new position in shares of Honeywell Aerospace in the second quarter valued at approximately $47,000.

Honeywell Aerospace Price Performance

NASDAQ:HONA opened at $164.73 on Monday. The company has a market cap of $52.21 billion and a price-to-earnings ratio of 88.09. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last posted 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. On average, sell-side analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HONA. JPMorgan Chase & Co. began coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They set a "neutral" rating and a $255.00 price objective for the company. Wolfe Research initiated coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a "hold" rating for the company. Wells Fargo & Company set a $195.00 target price on Honeywell Aerospace in a report on Monday, August 10th. TD Cowen initiated coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a "hold" rating and a $250.00 price target on the stock. Finally, BMO Capital Markets dropped their price target on Honeywell Aerospace from $276.00 to $209.00 and set an "outperform" rating on the stock in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, Honeywell Aerospace currently has an average rating of "Hold" and an average price target of $224.17.

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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