Werlinich Asset Management LLC Purchases New Shares in Honeywell Aerospace $HONA

Werlinich Asset Management LLC acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,686 shares of the company’s stock, valued at approximately $1,478,000.

Several other large investors have also recently added to or reduced their stakes in HONA. BlackRock Inc. acquired a new stake in shares of Honeywell Aerospace during the second quarter worth $5,253,341,000. Wellington Management Group LLP bought a new stake in shares of Honeywell Aerospace in the second quarter valued at about $1,705,882,000. Bank of America Corp DE acquired a new position in shares of Honeywell Aerospace in the second quarter valued at about $1,034,187,000. Bank of New York Mellon Corp acquired a new position in shares of Honeywell Aerospace in the second quarter valued at about $644,412,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Honeywell Aerospace during the second quarter worth about $370,544,000.

Honeywell Aerospace Stock Up 1.6%

Shares of NASDAQ HONA opened at $154.96 on Friday. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50. The company has a market capitalization of $49.11 billion and a PE ratio of 82.87. The stock has a fifty day moving average of $191.72.

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HONA. TD Cowen started coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 price objective for the company. Wolfe Research assumed coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating on the stock. Royal Bank Of Canada lowered their target price on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. BNP Paribas Exane dropped their price target on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Finally, Argus started coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.