Rakuten Investment Management Inc. Purchases New Shares in Honeywell Aerospace $HONA

Rakuten Investment Management Inc. acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 76,392 shares of the company’s stock, valued at approximately $16,821,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Meeder Asset Management Inc. purchased a new stake in Honeywell Aerospace during the second quarter valued at approximately $29,000. Bell Investment Advisors Inc acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at about $29,000. Strategic Wealth Advisors LLC purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Honeywell Aerospace during the second quarter worth $40,000. Finally, Gables Capital Management Inc. purchased a new position in Honeywell Aerospace in the 2nd quarter valued at about $47,000.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. TD Cowen started coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 price target on the stock. Wells Fargo & Company set a $195.00 price target on shares of Honeywell Aerospace in a research note on Monday, August 10th. BMO Capital Markets reduced their price objective on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. Evercore set a $210.00 price objective on Honeywell Aerospace in a research note on Thursday, August 6th. Finally, Morgan Stanley raised shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target for the company in a research report on Wednesday, August 19th. One 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’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Price Performance

NASDAQ HONA opened at $162.37 on Friday. The firm has a fifty day moving average of $195.14. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50. The stock has a market cap of $51.46 billion and a P/E ratio of 86.83.

Honeywell Aerospace (NASDAQ:HONA) last posted its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The firm had revenue of $4.35 billion during the quarter. As a group, equities analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current year.

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.