Man Group plc Purchases New Shares in Honeywell Aerospace $HONA

Man Group plc acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 27,713 shares of the company’s stock, valued at approximately $6,127,000.

Other hedge funds have also recently modified their holdings of the company. Bell Investment Advisors Inc bought a new stake in Honeywell Aerospace during the second quarter worth $29,000. Strategic Wealth Advisors LLC purchased a new position in Honeywell Aerospace in the second quarter worth $29,000. Meeder Asset Management Inc. bought a new position in Honeywell Aerospace in the 2nd quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Honeywell Aerospace in the 2nd quarter valued at $40,000. Finally, Gables Capital Management Inc. purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $47,000.

Analysts Set New Price Targets

HONA has been the topic of several research reports. Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. Jefferies Financial Group set a $175.00 price target on shares of Honeywell Aerospace in a research note on Sunday, August 9th. 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 report on Thursday, August 6th. Argus started coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 price objective on the stock. Finally, JPMorgan Chase & Co. started coverage on Honeywell Aerospace in a report on Friday, July 10th. They set a “neutral” rating and a $255.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Honeywell Aerospace presently has a consensus rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Price Performance

HONA stock opened at $162.37 on Friday. The company has a 50 day moving average price of $195.14. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50. The company has a market capitalization of $51.46 billion and a price-to-earnings ratio of 86.83.

Honeywell Aerospace (NASDAQ:HONA) last released its quarterly 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. Analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

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.