Trans Canada Capital Inc. Buys Shares of 53,361 Honeywell Aerospace $HONA

Trans Canada Capital Inc. bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 53,361 shares of the company’s stock, valued at approximately $13,661,000. Honeywell Aerospace makes up 0.7% of Trans Canada Capital Inc.’s portfolio, making the stock its 15th largest position.

A number of other large investors have also recently made changes to their positions in the stock. Ameliora Wealth Management Ltd. purchased a new position in shares of Honeywell Aerospace in the second quarter valued at $25,000. Leo H. Evart Inc. purchased a new stake in Honeywell Aerospace during the 2nd quarter worth about $26,000. Outlook Capital Management LLC purchased a new stake in Honeywell Aerospace during the 2nd quarter worth about $26,000. Bell Investment Advisors Inc purchased a new stake in Honeywell Aerospace during the 2nd quarter worth about $29,000. Finally, Meeder Asset Management Inc. bought a new position in Honeywell Aerospace in the 2nd quarter worth about $29,000.

Honeywell Aerospace Stock Performance

NASDAQ:HONA opened at $161.01 on Monday. The firm has a 50-day simple moving average of $191.08. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50. The stock has a market cap of $51.03 billion and a PE ratio of 86.10.

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

Wall Street Analysts Forecast Growth

HONA has been the subject of a number of recent analyst reports. Evercore set a $210.00 target price on Honeywell Aerospace in a report on Thursday, August 6th. Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. UBS Group reduced their price objective on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Royal Bank Of Canada lowered their target price on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Finally, Vertical Research began coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price target for the company. One 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 a consensus rating of “Hold” and a consensus price target 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.