Meiji Yasuda Asset Management Co Ltd. Purchases New Shares in Honeywell Aerospace $HONA

Meiji Yasuda Asset Management Co Ltd. purchased a new position in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 7,859 shares of the company’s stock, valued at approximately $1,737,000.

Other large investors also recently added to or reduced their stakes in the company. Hardy Reed LLC acquired a new position in Honeywell Aerospace during the second quarter worth $1,151,000. Plan Group Financial LLC acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at about $270,000. Mill Capital Management LLC purchased a new stake in shares of Honeywell Aerospace during the second quarter worth about $419,000. Bryn Mawr Trust Advisors LLC purchased a new stake in shares of Honeywell Aerospace during the second quarter worth about $1,301,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Honeywell Aerospace during the second quarter worth about $8,809,000.

Honeywell Aerospace Stock Down 2.1%

Honeywell Aerospace stock 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) last posted its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The business had revenue of $4.35 billion during the quarter. Equities research analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. TD Cowen started coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 price target on the stock. UBS Group cut their price objective on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. BMO Capital Markets reduced their target price on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a report on Monday, August 10th. Argus initiated coverage on Honeywell Aerospace in a research report on Thursday, July 9th. They issued a “buy” rating and a $275.00 target price on the stock. Finally, BNP Paribas Exane decreased their target price on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. One investment 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace 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.