OMERS ADMINISTRATION Corp Makes New Investment in Honeywell Aerospace $HONA

OMERS ADMINISTRATION Corp acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 22,455 shares of the company’s stock, valued at approximately $5,028,000.

Several other large investors also recently modified their holdings of HONA. Meeder Asset Management Inc. acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter worth about $29,000. Bell Investment Advisors Inc acquired a new position in Honeywell Aerospace in the 2nd quarter valued at about $29,000. Strategic Wealth Advisors LLC acquired a new position in Honeywell Aerospace in the 2nd quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Honeywell Aerospace in the 2nd quarter valued at about $40,000. Finally, Gables Capital Management Inc. bought a new position in Honeywell Aerospace in the 2nd quarter valued at about $47,000.

Analysts Set New Price Targets

HONA has been the topic of several research reports. BNP Paribas Exane decreased their target price on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Royal Bank Of Canada dropped their price target on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, August 6th. Wells Fargo & Company set a $195.00 price target on Honeywell Aerospace in a research note on Monday, August 10th. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Finally, UBS Group lowered their price objective on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. One research 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 stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Stock Performance

Shares of 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 capitalization of $51.09 billion and a PE ratio of 86.20.

Honeywell Aerospace (NASDAQ:HONA) last announced its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The company had revenue of $4.35 billion for the quarter. Equities research analysts expect 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.