Northwestern Mutual Wealth Management Co. Acquires New Shares in Honeywell Aerospace $HONA

Northwestern Mutual Wealth Management Co. purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 45,116 shares of the company’s stock, valued at approximately $9,974,000.

A number of other large investors have also recently bought and sold shares of the stock. SFE Investment Counsel purchased a new position in Honeywell Aerospace in the 2nd quarter valued at about $2,981,000. MidFirst Bank purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $5,608,000. Oppenheimer Asset Management Inc. purchased a new stake in Honeywell Aerospace during the second quarter valued at about $8,809,000. IMC Chicago LLC purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter worth about $10,508,000. Finally, Hsbc Holdings PLC purchased a new stake in Honeywell Aerospace during the second quarter worth approximately $157,189,000.

Honeywell Aerospace Trading Down 1.1%

Shares of NASDAQ HONA opened at $152.55 on Thursday. The firm’s fifty day moving average price is $192.52. Honeywell Aerospace has a 1 year low of $150.03 and a 1 year high of $297.50. The company has a market cap of $48.35 billion and a price-to-earnings ratio of 81.58.

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 business had revenue of $4.35 billion during the quarter. On average, analysts predict that Honeywell Aerospace will post 7.75 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HONA. BNP Paribas Exane lowered their target price on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. TD Cowen began coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They issued a “hold” rating and a $250.00 target price for the company. Argus assumed 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. Morgan Stanley upgraded Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price for the company in a research note on Wednesday, August 19th. Finally, Zacks Research raised shares of Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock 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.