UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys New Position in Honeywell Aerospace $HONA

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 1,676,062 shares of the company’s stock, valued at approximately $370,544,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.53% of Honeywell Aerospace at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Evercore set a $210.00 price target on shares of Honeywell Aerospace in a research report on Thursday, August 6th. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Vertical Research initiated coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They set a “hold” rating and a $243.00 target price for the company. UBS Group reduced their price target on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Finally, Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Stock Performance

Shares of NASDAQ:HONA opened at $162.37 on Monday. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50. The firm has a 50 day moving average price 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 released 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 for the quarter. As a group, research analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

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.