Cibc World Market Inc. Buys Shares of 112,044 Honeywell Aerospace $HONA

Cibc World Market Inc. bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 112,044 shares of the company’s stock, valued at approximately $24,771,000.

A number of other large investors have also recently made changes to their positions in the stock. Bell Investment Advisors Inc purchased a new position in shares of Honeywell Aerospace in the second quarter valued at $29,000. Strategic Wealth Advisors LLC purchased a new stake in Honeywell Aerospace during the 2nd quarter worth about $29,000. Meeder Asset Management Inc. bought a new position in Honeywell Aerospace in the 2nd quarter worth about $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Honeywell Aerospace in the 2nd quarter worth about $40,000. Finally, Gables Capital Management Inc. purchased a new position in Honeywell Aerospace during the 2nd quarter valued at about $47,000.

Honeywell Aerospace Price Performance

NASDAQ:HONA opened at $161.20 on Tuesday. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50. The firm has a market cap of $51.09 billion and a P/E ratio of 86.20.

Honeywell Aerospace (NASDAQ:HONA) last announced its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The business had revenue of $4.35 billion during the quarter. Equities research analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HONA. Argus initiated coverage on Honeywell Aerospace in a research report on Thursday, July 9th. They set a “buy” rating and a $275.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They issued a “neutral” rating and a $255.00 price objective for the company. Morgan Stanley raised shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective for the company in a research note on Wednesday, August 19th. Wells Fargo & Company set a $195.00 target price on shares of Honeywell Aerospace in a report on Monday, August 10th. Finally, Evercore set a $210.00 target price on shares of Honeywell Aerospace in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Honeywell Aerospace has an average rating of “Hold” and an average target price of $224.17.

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.