Vise Technologies Inc. Invests $2.99 Million in Honeywell Aerospace $HONA

Key Points

• Vise Technologies acquired 13,360 Honeywell Aerospace shares during the second quarter, valued at approximately $2.99 million. Several major institutions, including BlackRock and Bank of New York Mellon, also initiated positions.
• Honeywell Aerospace shares opened at $164.73, down 0.7%, with a $52.21 billion market capitalization and a 52-week range of $150.03 to $297.50. The company reported $4.35 billion in quarterly revenue, while analysts expect full-year earnings per share of $7.75.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $224.17; recent actions included Morgan Stanley upgrading the stock to overweight and BMO Capital Markets cutting its target to $209.

Vise Technologies Inc. acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,360 shares of the company's stock, valued at approximately $2,991,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HONA. BlackRock Inc. bought a new position in Honeywell Aerospace in the 2nd quarter worth $5,253,341,000. Bank of New York Mellon Corp bought a new stake in Honeywell Aerospace during the second quarter valued at about $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Honeywell Aerospace during the second quarter valued at about $205,658,000. Deutsche Bank AG acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at about $152,933,000. Finally, Madison Asset Management LLC acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at about $49,743,000.

Honeywell Aerospace Trading Down 0.7%

NASDAQ:HONA opened at $164.73 on Friday. The stock 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 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 during the quarter. On average, research analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HONA shares. BMO Capital Markets dropped their price objective 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. Wall Street Zen upgraded Honeywell Aerospace to a "hold" rating in a research note on Sunday, July 12th. Morgan Stanley raised Honeywell Aerospace from an "equal weight" rating to an "overweight" rating and set a $205.00 target price on the stock in a report on Wednesday. Melius Research raised Honeywell Aerospace to a "strong-buy" rating in a research report on Monday, June 29th. Finally, Jefferies Financial Group set a $175.00 price target on Honeywell Aerospace in a report on Sunday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $224.17.

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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