Primecap Management Co. CA Buys New Shares in Honeywell Aerospace $HONA

Primecap Management Co. CA bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, HoldingsChannel reports. The firm bought 244,100 shares of the company’s stock, valued at approximately $53,966,000.

Other large investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace in the second quarter worth approximately $29,000. Bell Investment Advisors Inc acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $29,000. Strategic Wealth Advisors LLC acquired 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 worth $40,000. Finally, Gables Capital Management Inc. bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $47,000.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HONA. Royal Bank Of Canada decreased their target price on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. Morgan Stanley raised Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target on the stock in a research note on Wednesday, August 19th. Finally, Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Stock Up 2.3%

Honeywell Aerospace stock opened at $164.01 on Thursday. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50. The firm has a market cap of $51.98 billion and a price-to-earnings ratio of 87.71. The business has a 50 day moving average price of $196.77.

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 firm had revenue of $4.35 billion for the quarter. Equities analysts expect that Honeywell Aerospace will post 7.75 earnings per share 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.