Flputnam Investment Management Co. Purchases Shares of 20,868 Honeywell Aerospace $HONA

Flputnam Investment Management Co. acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 20,868 shares of the company’s stock, valued at approximately $4,672,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Trifecta Capital Advisors LLC acquired a new stake in shares of Honeywell Aerospace during the second quarter valued at approximately $67,000. Kelleher Financial Advisors acquired a new position in Honeywell Aerospace during the second quarter valued at approximately $78,000. One Wealth Advisors LLC acquired a new position in Honeywell Aerospace during the 2nd quarter worth $210,000. Bridgewater Advisors Inc. bought a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $236,000. Finally, Silverlake Wealth Management LLC bought a new stake in shares of Honeywell Aerospace in the second quarter valued at about $255,000.

Honeywell Aerospace Price Performance

Shares of HONA stock opened at $166.36 on Monday. The company has a market capitalization of $52.73 billion and a P/E ratio of 88.96. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last announced 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 during the quarter. As a group, analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HONA shares. Vertical Research initiated coverage on Honeywell Aerospace in a report on Wednesday, July 1st. They set a “hold” rating and a $243.00 price objective on the stock. Evercore set a $210.00 target price on shares of Honeywell Aerospace in a research report on Thursday, August 6th. Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a report on Sunday, August 9th. Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. Finally, BNP Paribas Exane cut their price target 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. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $224.17.

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.