750,586 Shares in Honeywell Aerospace $HONA Acquired by National Pension Service

National Pension Service purchased a new stake in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 750,586 shares of the company’s stock, valued at approximately $165,940,000.

Several other institutional investors have also added to or reduced their stakes in HONA. California State Teachers Retirement System bought a new position in Honeywell Aerospace during the 2nd quarter worth $24,053,526,000. BlackRock Inc. bought a new stake in shares of Honeywell Aerospace in the second quarter valued at about $5,253,341,000. Wellington Management Group LLP bought a new stake in shares of Honeywell Aerospace in the second quarter valued at about $1,705,882,000. Bank of America Corp DE acquired a new position in shares of Honeywell Aerospace in the second quarter valued at about $1,034,187,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Honeywell Aerospace in the second quarter valued at about $644,412,000.

Analyst Ratings Changes

Several brokerages have weighed in on HONA. Jefferies Financial Group set a $175.00 price objective on shares of Honeywell Aerospace in a research note on Sunday, August 9th. BNP Paribas Exane decreased their target price on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Morgan Stanley raised shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price on the stock in a report on Wednesday, August 19th. UBS Group dropped their price target on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Finally, Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. One equities research 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Price Performance

HONA opened at $153.75 on Friday. The company has a market capitalization of $48.73 billion and a PE ratio of 82.22. Honeywell Aerospace has a twelve month low of $149.19 and a twelve month high of $297.50. The business’s 50-day moving average price is $186.38.

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

About Honeywell Aerospace

Honeywell Aerospace is an aerospace technology company that develops and supplies systems, components and services for commercial aviation, business and general aviation, defense and space markets. Its portfolio includes aircraft engines, auxiliary power units, avionics, flight controls, navigation and communication systems, thermal management equipment, wheels and brakes, and other propulsion and safety technologies.

The company serves aircraft manufacturers, airlines, business aviation operators, military customers and aftermarket service providers around the world.