OMERS ADMINISTRATION Corp Invests $4.96 Million in Honeywell Aerospace $HONA

Key Points

• OMERS Administration Corp. purchased 22,455 Honeywell Aerospace shares in the second quarter, valued at approximately $4.96 million. Several other investment firms also initiated positions.
• Honeywell Aerospace shares opened at $161.20, with a $51.09 billion market capitalization and a price-to-earnings ratio of 86.20. The stock has traded between $150.03 and $297.50 over the past 52 weeks.
• Analyst sentiment is mixed but leans neutral: MarketBeat reports a consensus “Hold” rating and an average price target of $224.17, while recent targets were generally reduced.

OMERS ADMINISTRATION Corp purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 22,455 shares of the company's stock, valued at approximately $4,964,000.

A number of other hedge funds have also added to or reduced their stakes in HONA. Meeder Asset Management Inc. bought a new stake in Honeywell Aerospace during the second quarter worth $29,000. Bell Investment Advisors Inc acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at $29,000. Strategic Wealth Advisors LLC bought a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $40,000. Finally, Gables Capital Management Inc. acquired a new position in shares of Honeywell Aerospace during the 2nd quarter worth $47,000.

Honeywell Aerospace Price Performance

Shares of NASDAQ:HONA opened at $161.20 on Tuesday. The firm has a market cap of $51.09 billion and a PE ratio of 86.20. 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 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 during the quarter. On average, sell-side analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. TD Cowen assumed coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a "hold" rating and a $250.00 price objective for the company. Wolfe Research started coverage on Honeywell Aerospace in a research report on Monday, June 29th. They issued a "hold" rating on the stock. Morgan Stanley raised Honeywell Aerospace from an "equal weight" rating to an "overweight" rating and set a $205.00 target price for the company in a research note on Wednesday, August 19th. BNP Paribas Exane dropped their target price on shares of Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating for the company in a report on Thursday, August 6th. Finally, BMO Capital Markets reduced their price target on shares of 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 analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Honeywell Aerospace has a consensus 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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