Nissay Asset Management Corp Japan Takes Position in Honeywell Aerospace $HONA

Nissay Asset Management Corp Japan bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 94,542 shares of the company’s stock, valued at approximately $21,168,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace during the 2nd quarter valued at about $29,000. Bell Investment Advisors Inc bought a new position in shares of Honeywell Aerospace in the second quarter valued at approximately $29,000. Strategic Wealth Advisors LLC bought a new position in shares of Honeywell Aerospace in the second quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $40,000. Finally, Gables Capital Management Inc. purchased a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $47,000.

Honeywell Aerospace Price Performance

Shares of NASDAQ:HONA opened at $162.37 on Friday. The company has a market cap of $51.46 billion and a P/E ratio of 86.83. The company has a fifty day simple moving average of $195.14. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last announced its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The business had revenue of $4.35 billion for the quarter. On average, sell-side analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on HONA shares. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Jefferies Financial Group set a $175.00 price objective on Honeywell Aerospace in a research note on Sunday, August 9th. BMO Capital Markets cut their price objective 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. BNP Paribas Exane reduced their target price on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Finally, Morgan Stanley upgraded shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price for the company in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $224.17.

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.