Cibc World Market Inc. Makes New $12.07 Million Investment in Honeywell Aerospace $HONA

Cibc World Market Inc. bought a new position in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, Holdings Channel.com reports. The firm bought 53,891 shares of the company’s stock, valued at approximately $12,066,000.

A number of other hedge funds also recently made changes to their positions in the stock. Blue Whale Capital LLP bought a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at approximately $73,411,000. OMERS ADMINISTRATION Corp bought a new position in Honeywell Aerospace in the 2nd quarter valued at approximately $4,964,000. Tribune Investment Group LP acquired a new stake in Honeywell Aerospace in the second quarter valued at approximately $3,985,000. Sanctuary Advisors LLC acquired a new stake in Honeywell Aerospace in the second quarter valued at approximately $16,170,000. Finally, Covington Investment Advisors Inc. acquired a new stake in Honeywell Aerospace in the second quarter valued at approximately $3,811,000.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HONA shares. Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. TD Cowen assumed coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $250.00 price objective on the stock. Vertical Research began coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They set a “hold” rating and a $243.00 price objective on the stock. Wolfe Research started coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating on the stock. Finally, Royal Bank Of Canada lowered their target price on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Trading Down 2.1%

Shares of NASDAQ:HONA opened at $161.20 on Tuesday. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50. The firm has a market cap of $51.09 billion and a PE ratio of 86.20.

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 company had revenue of $4.35 billion during the quarter. Equities analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share 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.