Palliser Capital UK Ltd Purchases Shares of 46,910 Honeywell Aerospace $HONA

Palliser Capital UK Ltd acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 46,910 shares of the company’s stock, valued at approximately $10,371,000. Honeywell Aerospace comprises 5.6% of Palliser Capital UK Ltd’s portfolio, making the stock its 3rd largest holding.

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

Analysts Set New Price Targets

Several research analysts have weighed in on HONA shares. Evercore set a $210.00 price objective on Honeywell Aerospace in a research report on Thursday, August 6th. Wolfe Research assumed coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They issued a “hold” rating for the company. TD Cowen began coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 price target on the stock. Vertical Research began coverage on shares of Honeywell Aerospace in a research report on Wednesday, July 1st. They set a “hold” rating and a $243.00 price target on the stock. Finally, BNP Paribas Exane dropped their price objective on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. One investment 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Stock Performance

Shares of NASDAQ:HONA opened at $161.20 on Tuesday. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50. The company has a market cap of $51.09 billion and a P/E ratio of 86.20.

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. On average, analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

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.