Honeywell Aerospace $HONA Stock: Fifth Third Bancorp Reduces Holdings

Fifth Third Bancorp reduced its position in Honeywell Aerospace (NASDAQ:HONA – Free Report) by 10.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 306,437 shares of the company’s stock after selling 35,641 shares during the quarter. Fifth Third Bancorp owned about 0.10% of Honeywell Aerospace worth $47,489,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Honeywell Aerospace during the second quarter worth about $5,253,341,000. State Street Corp purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth about $2,945,044,000. Wellington Management Group LLP acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $1,705,882,000. Bank of America Corp DE acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $1,034,187,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter worth about $644,412,000.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HONA shares. The Goldman Sachs Group started coverage on shares of Honeywell Aerospace in a research report on Wednesday, October 7th. They set a “neutral” rating and a $190.00 target price for the company. Zacks Research raised shares of Honeywell Aerospace from a “strong sell” rating to a “hold” rating in a research report on Monday, November 2nd. Weiss Ratings upgraded shares of Honeywell Aerospace from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, October 30th. BNP Paribas Exane decreased their price objective on shares of Honeywell Aerospace from $210.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, October 6th. Finally, Argus set a $210.00 price objective on shares of Honeywell Aerospace in a research report on Friday, October 9th. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $196.47.

View Our Latest Report on HONA

Key Stories Impacting Honeywell Aerospace

Here are a few of the latest stories about HONA:

Honeywell Aerospace Stock Down 1.9%

Shares of NASDAQ HONA opened at $166.23 on Friday. Honeywell Aerospace has a 1-year low of $147.40 and a 1-year high of $297.50. The stock has a 50-day moving average of $160.05.

Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last posted its earnings results on Wednesday, October 28th. The company reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.31. The company had revenue of $4.64 billion during the quarter. On average, research analysts anticipate that Honeywell Aerospace will post 7.93 EPS for the current fiscal year.

Honeywell Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, November 13th.

Honeywell Aerospace Company Profile

(Free Report)

Honeywell Aerospace develops and supplies systems and services for commercial aviation, business and general aviation, defense, and space customers. Its offerings include aircraft engines and auxiliary power units, avionics, flight-control and navigation systems, connectivity and safety technologies, and aircraft wheels and brakes. The company also provides maintenance, repair, overhaul, and other aftermarket support for aircraft equipment. Its customers include aircraft manufacturers, airlines, business-jet operators, and government and defense organizations around the world.

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Institutional Ownership by Quarter for Honeywell Aerospace (NASDAQ:HONA)

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