Primecap Management Co. CA Purchases Shares of 244,100 Honeywell Aerospace $HONA

Primecap Management Co. CA purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 244,100 shares of the company’s stock, valued at approximately $53,966,000. Primecap Management Co. CA owned about 0.08% of Honeywell Aerospace at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. bought a new position in Honeywell Aerospace in the 2nd quarter worth approximately $29,000. Bell Investment Advisors Inc bought a new stake in Honeywell Aerospace during the 2nd quarter valued at $29,000. Strategic Wealth Advisors LLC bought a new stake in Honeywell Aerospace during the 2nd quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Honeywell Aerospace during the 2nd quarter worth $40,000. Finally, Gables Capital Management Inc. acquired a new position in Honeywell Aerospace during the 2nd quarter worth $47,000.

Honeywell Aerospace Trading Up 2.3%

Shares of HONA stock opened at $164.01 on Thursday. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50. The firm’s fifty day moving average price is $196.77. The firm has a market cap of $51.98 billion and a PE ratio of 87.71.

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HONA shares. TD Cowen started coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 price target for the company. UBS Group reduced their price objective on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Evercore set a $210.00 target price on shares of Honeywell Aerospace in a research report on Thursday, August 6th. BNP Paribas Exane lowered their target price on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Finally, Wells Fargo & Company set a $195.00 price target on shares of Honeywell Aerospace in a research report on Monday, August 10th. One investment 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 stock. According to MarketBeat.com, Honeywell Aerospace currently has a consensus rating of “Hold” and a consensus target price of $224.17.

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.