1,655,495 Shares in Honeywell Aerospace $HONA Purchased by Legal & General Group Plc

Legal & General Group Plc bought a new stake in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,655,495 shares of the company’s stock, valued at approximately $370,665,000.

Several other large investors have also recently bought and sold shares of HONA. Bell Investment Advisors Inc acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $29,000. Strategic Wealth Advisors LLC bought a new stake in Honeywell Aerospace during the second quarter worth approximately $29,000. Meeder Asset Management Inc. acquired a new stake in Honeywell Aerospace in the second quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Honeywell Aerospace during the 2nd quarter valued at $40,000. Finally, Gables Capital Management Inc. acquired a new position in shares of Honeywell Aerospace during the 2nd quarter valued at $47,000.

Analysts Set New Price Targets

A number of research firms have recently commented on HONA. Zacks Research raised Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a report on Sunday, August 9th. Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. Wolfe Research assumed coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They issued a “hold” rating on the stock. Finally, TD Cowen assumed coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating and a $250.00 price target for the company. 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 company’s stock. Based on data from MarketBeat, Honeywell Aerospace has an average rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Stock Performance

Shares of NASDAQ HONA opened at $160.36 on Wednesday. The firm has a market capitalization of $50.83 billion and a P/E ratio of 85.75. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50.

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

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.