Palliser Capital UK Ltd Acquires Shares of 24,286 Honeywell Aerospace $HONA

Palliser Capital UK Ltd bought a new stake in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, HoldingsChannel reports. The fund bought 24,286 shares of the company’s stock, valued at approximately $5,438,000. Honeywell Aerospace comprises 2.9% of Palliser Capital UK Ltd’s investment portfolio, making the stock its 9th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Grandfield & Dodd LLC purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth about $759,000. SCS Capital Management LLC purchased a new stake in Honeywell Aerospace in the 2nd quarter worth about $1,821,000. SFE Investment Counsel bought a new stake in Honeywell Aerospace in the second quarter worth about $2,981,000. MidFirst Bank bought a new stake in Honeywell Aerospace in the second quarter worth about $5,608,000. Finally, IMC Chicago LLC purchased a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $10,508,000.

Wall Street Analysts Forecast Growth

HONA has been the topic of a number of analyst reports. Wells Fargo & Company set a $195.00 target price on Honeywell Aerospace in a research note on Monday, August 10th. Zacks Research raised Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Royal Bank Of Canada dropped their price objective on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, August 6th. Argus initiated coverage on Honeywell Aerospace in a research report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price objective on the stock. Finally, BNP Paribas Exane reduced their target price on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research note 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 assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Price Performance

Shares of HONA opened at $161.20 on Tuesday. The stock has a market cap of $51.09 billion and a P/E ratio of 86.20. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last issued 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. Research analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current fiscal 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.