Mufg Securities Americas Inc. Invests $2.11 Million in Honeywell Aerospace $HONA

Mufg Securities Americas Inc. purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 9,543 shares of the company’s stock, valued at approximately $2,110,000.

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

Analysts Set New Price Targets

Several analysts have commented on the company. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. BNP Paribas Exane dropped their price objective 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. Morgan Stanley upgraded Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective for the company in a report on Wednesday, August 19th. 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 report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Honeywell Aerospace presently has a consensus rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Stock Performance

NASDAQ HONA opened at $162.37 on Friday. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50. The company has a market cap of $51.46 billion and a PE ratio of 86.83. The business’s 50 day moving average price is $195.14.

Honeywell Aerospace (NASDAQ:HONA) last announced its quarterly earnings data 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. Sell-side analysts predict that Honeywell Aerospace will post 7.75 earnings per share 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.