Nissay Asset Management Corp Japan Purchases Shares of 94,542 Honeywell Aerospace $HONA

Nissay Asset Management Corp Japan purchased a new position in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 94,542 shares of the company’s stock, valued at approximately $20,901,000.

A number of other hedge funds have also recently modified their holdings of HONA. Grandfield & Dodd LLC acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $759,000. SCS Capital Management LLC purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth $1,821,000. SFE Investment Counsel acquired a new position in Honeywell Aerospace in the second quarter valued at $2,981,000. MidFirst Bank acquired a new position in Honeywell Aerospace in the second quarter valued at $5,608,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Honeywell Aerospace during the second quarter valued at about $8,809,000.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HONA shares. BNP Paribas Exane dropped their price target on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. TD Cowen assumed coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $250.00 target price for the company. JPMorgan Chase & Co. started coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They set a “neutral” rating and a $255.00 target price for the company. Royal Bank Of Canada cut their price target on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. Finally, UBS Group reduced their price target on shares of Honeywell Aerospace from $231.00 to $213.00 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, five have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Price Performance

Shares of NASDAQ HONA opened at $162.37 on Friday. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50. The stock has a 50-day moving average of $195.14. The stock has a market capitalization of $51.46 billion and a P/E ratio of 86.83.

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. Sell-side analysts expect that Honeywell Aerospace will post 7.75 earnings per share 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.