Man Group plc Invests $10.73 Million in Honeywell Aerospace $HONA

Man Group plc purchased a new stake in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, HoldingsChannel reports. The firm purchased 47,915 shares of the company’s stock, valued at approximately $10,728,000.

Several other institutional investors have also made changes to their positions in the stock. Bell Investment Advisors Inc acquired a new stake in Honeywell Aerospace during the second quarter worth approximately $29,000. Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace in the 2nd quarter valued at $29,000. Strategic Wealth Advisors LLC bought a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $40,000. Finally, Gables Capital Management Inc. bought a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $47,000.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HONA. BNP Paribas Exane decreased their price target on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. Wolfe Research initiated coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating for the company. TD Cowen assumed coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating and a $250.00 price objective on the stock. Finally, Evercore set a $210.00 target price on shares of Honeywell Aerospace in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Stock Up 1.0%

Shares of Honeywell Aerospace stock opened at $162.37 on Friday. The firm’s 50 day moving average is $195.14. The company has a market cap of $51.46 billion and a price-to-earnings ratio of 86.83. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last issued its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The company had revenue of $4.35 billion during the quarter. As a group, equities research analysts predict that Honeywell Aerospace will post 7.75 EPS for the current year.

About Honeywell Aerospace

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.