Canada Pension Plan Investment Board Invests $177.15 Million in Honeywell Aerospace $HONA

Canada Pension Plan Investment Board bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 791,179 shares of the company’s stock, valued at approximately $177,145,000. Canada Pension Plan Investment Board owned approximately 0.25% of Honeywell Aerospace at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HONA. Grandfield & Dodd LLC purchased a new position in shares of Honeywell Aerospace in the second quarter worth $759,000. SCS Capital Management LLC purchased a new position in Honeywell Aerospace during the second quarter valued at $1,821,000. SFE Investment Counsel purchased a new position in Honeywell Aerospace during the second quarter valued at $2,981,000. MidFirst Bank bought a new stake in Honeywell Aerospace in the 2nd quarter valued at $5,608,000. Finally, IMC Chicago LLC bought a new stake in Honeywell Aerospace in the 2nd quarter valued at $10,508,000.

Honeywell Aerospace Trading Up 2.3%

Honeywell Aerospace stock opened at $164.01 on Thursday. The stock has a market capitalization of $51.98 billion and a P/E ratio of 87.71. The company’s fifty day simple moving average is $196.77. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last issued its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The business had revenue of $4.35 billion during the quarter. As a group, sell-side analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on HONA shares. Wolfe Research assumed coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating on the stock. TD Cowen initiated 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. 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, August 19th. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. Finally, Evercore set a $210.00 price target on Honeywell Aerospace in a research note on Thursday, August 6th. One investment 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.