Royal London Asset Management Ltd. Purchases New Holdings in Honeywell Aerospace $HONA

Royal London Asset Management Ltd. purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, Holdings Channel reports. The institutional investor purchased 140,649 shares of the company’s stock, valued at approximately $31,491,000.

Several other hedge funds and other institutional investors have also bought and sold shares of HONA. BlackRock Inc. purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $5,253,341,000. Wellington Management Group LLP bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $1,705,882,000. Bank of America Corp DE purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth about $1,034,187,000. Bank of New York Mellon Corp purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth about $644,412,000. Finally, Legal & General Group Plc bought a new position in Honeywell Aerospace during the second quarter valued at about $370,665,000.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Vertical Research initiated coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They set a “hold” rating and a $243.00 price objective for the company. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Morgan Stanley upgraded shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target for the company in a research note on Wednesday, August 19th. Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. Finally, Jefferies Financial Group set a $175.00 price objective on Honeywell Aerospace in a research note on Sunday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Trading Up 1.0%

Shares of HONA opened at $162.37 on Friday. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The business has a 50-day moving average price of $195.14. The stock has a market cap of $51.46 billion and a price-to-earnings ratio of 86.83.

Honeywell Aerospace (NASDAQ:HONA) last released its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The business had revenue of $4.35 billion for the quarter. As a group, sell-side analysts predict 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.