4,345 Shares in Honeywell Aerospace $HONA Acquired by Cullinan Associates Inc.

Cullinan Associates Inc. bought a new stake in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 4,345 shares of the company’s stock, valued at approximately $961,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Capital Advisors Inc. OK purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $44,912,000. Delta Asset Management LLC TN acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at $21,970,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $370,544,000. New Mexico Educational Retirement Board purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $3,492,000. Finally, Royal London Asset Management Ltd. acquired a new position in shares of Honeywell Aerospace during the second quarter worth $31,095,000.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HONA. JPMorgan Chase & Co. started coverage on Honeywell Aerospace in a research note on Friday, July 10th. They issued a “neutral” rating and a $255.00 price target on the stock. Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. TD Cowen began coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating and a $250.00 target price for the company. Wolfe Research assumed coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating for the company. Finally, UBS Group dropped 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 note on Thursday, August 6th. One 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.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Stock Up 1.0%

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

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