Caisse de depot et placement du Quebec Acquires New Position in Honeywell Aerospace $HONA

Caisse de depot et placement du Quebec acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 221,008 shares of the company’s stock, valued at approximately $49,484,000.

A number of other institutional investors have also bought and sold shares of the business. Hardy Reed LLC purchased a new position in Honeywell Aerospace during the second quarter worth approximately $1,151,000. Plan Group Financial LLC purchased a new stake in Honeywell Aerospace in the 2nd quarter valued at $270,000. Mill Capital Management LLC acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter worth $419,000. Bryn Mawr Trust Advisors LLC acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter worth $1,301,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth $8,809,000.

Honeywell Aerospace Stock Down 2.0%

Shares of NASDAQ:HONA opened at $160.75 on Friday. The firm has a market cap of $50.95 billion and a P/E ratio of 85.96. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The business’s 50-day simple moving average is $195.92.

Honeywell Aerospace (NASDAQ:HONA) last posted its earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The company had revenue of $4.35 billion during the quarter. On average, sell-side analysts expect that Honeywell Aerospace will post 7.75 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wells Fargo & Company set a $195.00 price target on shares of Honeywell Aerospace in a research report on Monday, August 10th. JPMorgan Chase & Co. assumed coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They set a “neutral” rating and a $255.00 price objective for the company. Argus started coverage on shares of Honeywell Aerospace in a research note on Thursday, July 9th. They set a “buy” rating and a $275.00 target price on the stock. Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. Finally, Vertical Research assumed coverage on shares of Honeywell Aerospace in a research report on Wednesday, July 1st. They set a “hold” rating and a $243.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Honeywell Aerospace presently has a consensus rating of “Hold” and an average 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.