Mitsubishi UFJ Asset Management Co. Ltd. Invests $205.66 Million in Honeywell Aerospace $HONA

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 929,990 shares of the company’s stock, valued at approximately $205,658,000.

Several other large investors have also recently added to or reduced their stakes in HONA. Bell Investment Advisors Inc purchased a new stake in Honeywell Aerospace in the 2nd quarter valued at approximately $29,000. Trifecta Capital Advisors LLC purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $67,000. Kelleher Financial Advisors purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $78,000. J.Safra Asset Management Corp acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $124,000. Finally, One Wealth Advisors LLC acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $210,000.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. UBS Group decreased their price target on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. TD Cowen started coverage on Honeywell Aerospace in a report 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 report on Thursday, July 9th. They issued a “buy” rating and a $275.00 target price for the company. Wells Fargo & Company set a $195.00 target price on shares of Honeywell Aerospace in a research report on Monday, August 10th. Finally, Jefferies Financial Group set a $175.00 price target on shares of Honeywell Aerospace in a research note on Sunday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Stock Down 2.9%

Shares of HONA opened at $161.56 on Tuesday. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The stock has a market cap of $51.21 billion and a price-to-earnings ratio of 86.40.

Honeywell Aerospace (NASDAQ:HONA) last issued its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The business had revenue of $4.35 billion for the quarter. As a group, research analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current year.

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.