Legal & General Group Plc Purchases New Stake in Honeywell Aerospace $HONA

Legal & General Group Plc acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,612,255 shares of the company’s stock, valued at approximately $356,437,000.

Several other hedge funds also recently added to or reduced their stakes in HONA. Grandfield & Dodd LLC acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $759,000. SCS Capital Management LLC acquired a new position in Honeywell Aerospace in the second quarter worth about $1,821,000. SFE Investment Counsel acquired a new position in Honeywell Aerospace in the second quarter worth about $2,981,000. MidFirst Bank bought a new stake in Honeywell Aerospace in the second quarter valued at about $5,608,000. Finally, IMC Chicago LLC bought a new stake in Honeywell Aerospace in the second quarter valued at about $10,508,000.

Analysts Set New Price Targets

A number of research analysts have commented on HONA shares. Zacks Research raised Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. UBS Group lowered their price target on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. BNP Paribas Exane dropped their price target on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. JPMorgan Chase & Co. initiated coverage on Honeywell Aerospace in a research note on Friday, July 10th. They set a “neutral” rating and a $255.00 price objective on the stock. Finally, Wolfe Research started coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating for the company. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Honeywell Aerospace presently has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Trading Down 0.5%

Shares of NASDAQ HONA opened at $160.36 on Wednesday. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50. The stock has a market capitalization of $50.83 billion and a price-to-earnings ratio of 85.75.

Honeywell Aerospace (NASDAQ:HONA) last issued 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 during the quarter. As a group, analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

About Honeywell Aerospace

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.