Danica Pension Livsforsikringsaktieselskab Makes New $21.68 Million Investment in Honeywell Aerospace $HONA

Danica Pension Livsforsikringsaktieselskab purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 96,805 shares of the company’s stock, valued at approximately $21,675,000.

A number of other institutional investors have also made changes to their positions in HONA. Grandfield & Dodd LLC acquired a new position in shares of Honeywell Aerospace during the 2nd quarter worth about $759,000. SCS Capital Management LLC bought a new stake in Honeywell Aerospace during the 2nd quarter valued at approximately $1,821,000. SFE Investment Counsel acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at approximately $2,981,000. MidFirst Bank acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at approximately $5,608,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Honeywell Aerospace in the 2nd quarter worth approximately $8,809,000.

Analysts Set New Price Targets

A number of brokerages have recently commented on HONA. Wolfe Research assumed coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating for the company. JPMorgan Chase & Co. began coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They issued a “neutral” rating and a $255.00 price objective on the stock. BMO Capital Markets dropped their target price on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. Morgan Stanley set a $205.00 target price on shares of Honeywell Aerospace in a research note on Friday, August 7th. Finally, Argus initiated coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Stock Down 0.5%

Shares of HONA stock opened at $160.76 on Wednesday. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50. The company has a market capitalization of $50.95 billion and a price-to-earnings ratio of 85.97.

Honeywell Aerospace (NASDAQ:HONA) last released its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The firm had revenue of $4.35 billion for the quarter. On average, equities research analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current 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.