Meeder Advisory Services Inc. Invests $1.74 Million in Honeywell Aerospace $HONA

Meeder Advisory Services Inc. purchased a new position in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, Holdings Channel reports. The fund purchased 7,860 shares of the company’s stock, valued at approximately $1,738,000.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Honeywell Aerospace during the second quarter worth about $5,253,341,000. Bank of New York Mellon Corp bought a new stake in Honeywell Aerospace in the second quarter worth about $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Honeywell Aerospace in the second quarter valued at about $205,658,000. Deutsche Bank AG purchased a new position in Honeywell Aerospace in the second quarter valued at about $152,933,000. Finally, Trust Co. of Vermont bought a new position in shares of Honeywell Aerospace during the 2nd quarter valued at approximately $20,428,000.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HONA shares. Wolfe Research initiated coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating for the company. TD Cowen initiated coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 price objective on the stock. Zacks Research raised Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. initiated coverage on Honeywell Aerospace in a research report on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price for the company. Finally, Royal Bank Of Canada decreased their target price on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Price Performance

Shares of NASDAQ:HONA opened at $160.76 on Wednesday. The stock has a market cap of $50.95 billion and a price-to-earnings ratio of 85.97. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last posted its quarterly 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 during the quarter. Analysts predict 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.