Danica Pension Livsforsikringsaktieselskab Takes Position in Honeywell Aerospace $HONA

Danica Pension Livsforsikringsaktieselskab purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 96,805 shares of the company’s stock, valued at approximately $21,402,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HONA. Grandfield & Dodd LLC purchased a new stake in Honeywell Aerospace in the 2nd quarter valued at about $759,000. SCS Capital Management LLC bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $1,821,000. SFE Investment Counsel purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth approximately $2,981,000. MidFirst Bank purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth approximately $5,608,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Honeywell Aerospace during the second quarter valued at approximately $8,809,000.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HONA. BMO Capital Markets reduced their price objective on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Evercore set a $210.00 price target on shares of Honeywell Aerospace in a report on Thursday, August 6th. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. JPMorgan Chase & Co. initiated coverage on shares of Honeywell Aerospace in a report on Friday, July 10th. They set a “neutral” rating and a $255.00 price objective for the company. Finally, Argus initiated coverage on shares of Honeywell Aerospace in a research report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Stock Down 0.5%

HONA stock opened at $160.76 on Wednesday. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The firm has a market cap of $50.95 billion and a PE ratio of 85.97.

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

Honeywell Aerospace Company 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.