Flputnam Investment Management Co. Makes New Investment in Honeywell Aerospace $HONA

Flputnam Investment Management Co. acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 20,868 shares of the company’s stock, valued at approximately $4,672,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Honeywell Aerospace in the second quarter worth $5,253,341,000. Wellington Management Group LLP purchased a new stake in Honeywell Aerospace during the second quarter valued at $1,705,882,000. Bank of America Corp DE bought a new position in Honeywell Aerospace during the second quarter valued at $1,034,187,000. Bank of New York Mellon Corp bought a new position in Honeywell Aerospace during the second quarter valued at $644,412,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth $377,905,000.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HONA. BMO Capital Markets reduced their target price on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. Zacks Research raised shares of Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Evercore set a $210.00 price target on Honeywell Aerospace in a research report on Thursday, August 6th. Wells Fargo & Company set a $195.00 price objective on Honeywell Aerospace in a research note on Monday, August 10th. Finally, Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. One research 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Price Performance

Honeywell Aerospace stock opened at $162.37 on Monday. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50. The stock has a market cap of $51.46 billion and a price-to-earnings ratio of 86.83. The stock has a 50-day moving average price of $195.14.

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

Honeywell Aerospace 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.