OVERSEA CHINESE BANKING Corp Ltd Purchases New Shares in Honeywell Aerospace $HONA

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,500 shares of the company’s stock, valued at approximately $1,437,000.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $5,253,341,000. Bank of New York Mellon Corp purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth approximately $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Honeywell Aerospace in the second quarter valued at approximately $205,658,000. Deutsche Bank AG bought a new position in shares of Honeywell Aerospace in the second quarter valued at approximately $152,933,000. Finally, Madison Asset Management LLC bought a new position in shares of Honeywell Aerospace in the second quarter valued at approximately $49,743,000.

Honeywell Aerospace Stock Down 0.7%

Shares of HONA stock opened at $164.73 on Friday. The company has a market cap of $52.21 billion and a PE ratio of 88.09. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last posted its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The firm had revenue of $4.35 billion during the quarter. Equities analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

HONA has been the topic of a number of recent analyst reports. TD Cowen started coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $250.00 price target on the stock. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. BMO Capital Markets decreased their target price on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Finally, Evercore set a $210.00 target price on Honeywell Aerospace in a research note on Thursday, August 6th. One equities research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.