3,490 Shares in Honeywell Aerospace $HONA Bought by Meiji Yasuda Life Insurance Co

Meiji Yasuda Life Insurance Co purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,490 shares of the company’s stock, valued at approximately $772,000.

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

Honeywell Aerospace Price Performance

Shares of Honeywell Aerospace stock opened at $162.37 on Friday. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50. The company has a 50 day moving average of $195.14. The stock has a market capitalization of $51.46 billion and a price-to-earnings ratio of 86.83.

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 company had revenue of $4.35 billion for the quarter. As a group, sell-side analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on HONA shares. BMO Capital Markets lowered their price target on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a report on Monday, August 10th. TD Cowen began coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating and a $250.00 price objective for the company. UBS Group decreased their price objective 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. Wolfe Research began coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating on the stock. Finally, Morgan Stanley upgraded 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. One 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 company. Based on data from MarketBeat, Honeywell Aerospace has a consensus rating of “Hold” and an average 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.