Public Employees Retirement System of Ohio Makes New Investment in Honeywell Aerospace $HONA

Public Employees Retirement System of Ohio bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, Holdings Channel.com reports. The fund bought 121,153 shares of the company’s stock, valued at approximately $26,785,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $5,253,341,000. Bank of America Corp DE purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $1,034,187,000. Bank of New York Mellon Corp bought a new stake in Honeywell Aerospace during the second quarter valued at about $644,412,000. Legal & General Group Plc bought a new stake in Honeywell Aerospace during the second quarter valued at about $370,665,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Honeywell Aerospace in the second quarter valued at about $205,658,000.

Honeywell Aerospace Stock Up 1.0%

NASDAQ:HONA opened at $162.37 on Friday. The business’s fifty day moving average is $195.14. The firm has a market capitalization of $51.46 billion and a P/E ratio of 86.83. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last announced 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 during the quarter. As a group, research analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HONA has been the subject of a number of recent research reports. Evercore set a $210.00 target price on shares of Honeywell Aerospace in a report on Thursday, August 6th. UBS Group cut their price objective on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. BMO Capital Markets reduced their price objective on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. JPMorgan Chase & Co. assumed coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They set a “neutral” rating and a $255.00 target price for the company. Finally, Vertical Research assumed coverage on shares of Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $224.17.

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.