Maxi Investments CY Ltd Invests $2.63 Million in Honeywell Aerospace $HONA

Maxi Investments CY Ltd purchased a new position in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, Holdings Channel reports. The fund purchased 11,900 shares of the company’s stock, valued at approximately $2,631,000.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Evercore set a $210.00 target price on shares of Honeywell Aerospace in a report on Thursday, August 6th. Jefferies Financial Group set a $175.00 price target on Honeywell Aerospace in a report on Sunday, August 9th. Wolfe Research began coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating for the company. Morgan Stanley upgraded Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective for the company in a report on Wednesday, August 19th. Finally, Vertical Research began coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Price Performance

NASDAQ:HONA opened at $161.20 on Tuesday. The stock has a market cap of $51.09 billion and a price-to-earnings ratio of 86.20. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50.

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

About Honeywell Aerospace

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.