UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys New Shares in Honeywell Aerospace $HONA

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, Holdings Channel.com reports. The firm bought 1,687,829 shares of the company’s stock, valued at approximately $377,905,000.

Several other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in shares of Honeywell Aerospace in the second quarter worth about $29,000. Bell Investment Advisors Inc bought a new position in Honeywell Aerospace during the 2nd quarter valued at approximately $29,000. Strategic Wealth Advisors LLC purchased a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Honeywell Aerospace in the 2nd quarter worth approximately $41,000. Finally, Gables Capital Management Inc. bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $47,000.

Honeywell Aerospace Price Performance

Shares of NASDAQ HONA opened at $162.37 on Monday. The firm’s 50 day simple moving average is $195.14. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The company has a market capitalization of $51.46 billion and a P/E ratio of 86.83.

Honeywell Aerospace (NASDAQ:HONA) last issued its quarterly 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, research analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HONA shares. Morgan Stanley upgraded shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target on the stock in a research report on Wednesday, August 19th. Royal Bank Of Canada reduced their target price on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. TD Cowen assumed coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 target price for the company. Argus began 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. Finally, Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Honeywell Aerospace has an average rating of “Hold” and a consensus price target 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.