TD Waterhouse Canada Inc. Invests $29.17 Million in Honeywell Aerospace $HONA

Key Points

• TD Waterhouse Canada acquired 113,951 Honeywell Aerospace shares worth approximately $29.17 million during the second quarter. Other major institutions, including BlackRock, Wellington Management, and Bank of America, also initiated sizable positions.
• Analyst sentiment is mixed: Morgan Stanley upgraded the stock to “overweight,” while several firms maintain “hold” or “outperform” ratings. The consensus rating is “Hold”, with an average price target of $224.17.
• Honeywell Aerospace shares opened at $161.01, with a market capitalization of approximately $51.03 billion and a 52-week trading range of $150.03 to $297.50.

TD Waterhouse Canada Inc. acquired a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 113,951 shares of the company's stock, valued at approximately $29,173,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in Honeywell Aerospace during the second quarter worth $5,253,341,000. Wellington Management Group LLP acquired a new stake in Honeywell Aerospace in the second quarter worth $1,705,882,000. Bank of America Corp DE bought a new stake in Honeywell Aerospace in the second quarter valued at $1,034,187,000. Bank of New York Mellon Corp bought a new stake in Honeywell Aerospace in the second quarter valued at $644,412,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Honeywell Aerospace during the second quarter valued at about $370,544,000.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HONA. Morgan Stanley raised 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. Royal Bank Of Canada decreased their target price on Honeywell Aerospace from $300.00 to $250.00 and set an "outperform" rating for the company in a research report on Thursday, August 6th. TD Cowen started coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a "hold" rating and a $250.00 price target on the stock. Evercore set a $210.00 price target on Honeywell Aerospace in a report on Thursday, August 6th. Finally, Wall Street Zen raised Honeywell Aerospace to a "hold" rating in a research note on Sunday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $224.17.

Honeywell Aerospace Stock Up 3.9%

Shares of HONA stock opened at $161.01 on Friday. The company has a market cap of $51.03 billion and a P/E ratio of 86.10. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50. The stock has a 50-day moving average price of $191.08.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last released its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The company had revenue of $4.35 billion for the quarter. As a group, research analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Honeywell Aerospace Company 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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