Meiji Yasuda Asset Management Co Ltd. Acquires New Position in Honeywell Aerospace $HONA

Meiji Yasuda Asset Management Co Ltd. bought a new position in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, Holdings Channel reports. The institutional investor bought 7,859 shares of the company’s stock, valued at approximately $1,760,000.

A number of other hedge funds also recently bought and sold shares of the company. Hardy Reed LLC purchased a new stake in Honeywell Aerospace in the second quarter worth approximately $1,151,000. Plan Group Financial LLC purchased a new position in shares of Honeywell Aerospace during the second quarter worth approximately $270,000. Mill Capital Management LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $419,000. Bryn Mawr Trust Advisors LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $1,301,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at $8,809,000.

Honeywell Aerospace Price Performance

NASDAQ HONA opened at $161.20 on Tuesday. The company has a market capitalization of $51.09 billion and a price-to-earnings ratio of 86.20. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last posted its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The business had revenue of $4.35 billion for the quarter. As a group, research analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

HONA has been the topic of several recent research reports. 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. Evercore set a $210.00 price target on shares of Honeywell Aerospace in a research note on Thursday, August 6th. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. Argus initiated coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They set a “buy” rating and a $275.00 price objective on the stock. Finally, Wolfe Research initiated coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace 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.