140,649 Shares in Honeywell Aerospace $HONA Bought by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 140,649 shares of the company’s stock, valued at approximately $31,095,000.

Other hedge funds also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc acquired a new stake in Honeywell Aerospace during the 2nd quarter worth about $29,000. Strategic Wealth Advisors LLC purchased a new position in shares of Honeywell Aerospace during the 2nd quarter valued at about $29,000. Meeder Asset Management Inc. acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $40,000. Finally, Gables Capital Management Inc. acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $47,000.

Analyst Ratings Changes

Several analysts recently commented on HONA shares. Evercore set a $210.00 target price on Honeywell Aerospace in a report on Thursday, August 6th. Vertical Research began coverage on Honeywell Aerospace in a report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price target for the company. Jefferies Financial Group set a $175.00 price objective on Honeywell Aerospace in a research report on Sunday, August 9th. Zacks Research raised shares of Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Finally, BMO Capital Markets cut their target price on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Honeywell Aerospace presently has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Stock Performance

Shares of NASDAQ HONA opened at $162.37 on Friday. The stock has a market cap of $51.46 billion and a price-to-earnings ratio of 86.83. The business has a fifty day moving average of $195.14. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50.

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