201,896 Shares in Honeywell Aerospace $HONA Acquired by HighTower Advisors LLC

HighTower Advisors LLC acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 201,896 shares of the company’s stock, valued at approximately $45,204,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HONA. California State Teachers Retirement System acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at about $24,053,526,000. BlackRock Inc. acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at about $5,253,341,000. Wellington Management Group LLP acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at about $1,705,882,000. Bank of America Corp DE purchased a new position in Honeywell Aerospace in the 2nd quarter worth approximately $1,034,187,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $644,412,000.

Honeywell Aerospace Stock Performance

HONA stock opened at $161.01 on Tuesday. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50. The stock has a market cap of $51.03 billion and a price-to-earnings ratio of 86.10. The firm’s 50 day moving average price is $190.46.

Honeywell Aerospace (NASDAQ:HONA) last issued its quarterly earnings data 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. On average, sell-side analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on HONA. JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a report on Friday, July 10th. They issued a “neutral” rating and a $255.00 price target for the company. Wolfe Research started coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating for the company. Argus assumed coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 target price for the company. BNP Paribas Exane reduced their price target on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Finally, UBS Group lowered their price target on shares of Honeywell Aerospace from $231.00 to $213.00 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. Based on data from MarketBeat, Honeywell Aerospace presently has an average rating of “Hold” and a consensus price target of $224.17.

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.