Great Lakes Advisors LLC Invests $899,000 in Honeywell Aerospace $HONA

Great Lakes Advisors LLC bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,017 shares of the company’s stock, valued at approximately $899,000.

Several other large investors have also recently bought and sold shares of HONA. BlackRock Inc. acquired a new position in shares of Honeywell Aerospace during the 2nd quarter worth about $5,253,341,000. Bank of New York Mellon Corp purchased a new stake in Honeywell Aerospace during the second quarter worth approximately $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Honeywell Aerospace during the second quarter worth approximately $205,658,000. Deutsche Bank AG acquired a new position in Honeywell Aerospace in the second quarter valued at approximately $152,933,000. Finally, Danica Pension Livsforsikringsaktieselskab acquired a new position in Honeywell Aerospace in the second quarter valued at approximately $21,402,000.

Honeywell Aerospace Stock Performance

Shares of Honeywell Aerospace stock opened at $164.73 on Friday. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50. The firm has a market capitalization of $52.21 billion and a PE ratio of 88.09.

Honeywell Aerospace (NASDAQ:HONA) last issued its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The business had revenue of $4.35 billion for the quarter. As a group, equities research analysts expect that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HONA has been the topic of a number of research analyst reports. BNP Paribas Exane cut their price objective on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Wolfe Research initiated coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating for the company. Morgan Stanley raised shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price on the stock in a research report on Wednesday. Evercore set a $210.00 price target on shares of Honeywell Aerospace in a research note on Thursday, August 6th. Finally, Wells Fargo & Company set a $195.00 price target on shares of Honeywell Aerospace in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $224.17.

About Honeywell Aerospace

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.