Flputnam Investment Management Co. Purchases Shares of 20,864 Honeywell Aerospace $HONA

Flputnam Investment Management Co. acquired a new position in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 20,864 shares of the company’s stock, valued at approximately $4,613,000.

Several other institutional investors also recently modified their holdings of HONA. Hardy Reed LLC bought a new stake in shares of Honeywell Aerospace during the second quarter valued at approximately $1,151,000. Plan Group Financial LLC bought a new position in Honeywell Aerospace in the second quarter worth $270,000. Mill Capital Management LLC acquired a new stake in Honeywell Aerospace during the second quarter worth $419,000. Bryn Mawr Trust Advisors LLC bought a new stake in Honeywell Aerospace in the 2nd quarter valued at $1,301,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Honeywell Aerospace in the 2nd quarter valued at $8,809,000.

Honeywell Aerospace Stock Performance

Shares of NASDAQ HONA opened at $162.37 on Monday. The company has a market capitalization of $51.46 billion and a PE ratio of 86.83. The firm’s fifty day moving average is $195.14. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last issued its earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The firm had revenue of $4.35 billion during the quarter. Equities analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HONA. Morgan Stanley raised shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective for the company in a report on Wednesday, August 19th. JPMorgan Chase & Co. assumed coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price on the stock. UBS Group dropped their price target on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. BNP Paribas Exane cut their price target on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Finally, Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Honeywell Aerospace has an average rating of “Hold” and an average price target 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.