Meiji Yasuda Life Insurance Co Invests $781,000 in Honeywell Aerospace $HONA

Meiji Yasuda Life Insurance Co purchased a new position in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,490 shares of the company’s stock, valued at approximately $781,000.

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

Honeywell Aerospace Price Performance

Shares of NASDAQ:HONA opened at $162.37 on Friday. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The firm has a fifty day moving average of $195.14. The stock has a market cap of $51.46 billion and a P/E ratio of 86.83.

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

Analyst Ratings Changes

HONA has been the subject of several research reports. JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a report on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price for the company. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. Jefferies Financial Group set a $175.00 price objective on Honeywell Aerospace in a report on Sunday, August 9th. BMO Capital Markets lowered their price objective on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Finally, Wolfe Research began coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.