E20 Capital Ltd Makes New Investment in Honeywell Aerospace $HONA

E20 Capital Ltd purchased a new stake in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 144,577 shares of the company’s stock, valued at approximately $31,963,000. Honeywell Aerospace makes up 2.6% of E20 Capital Ltd’s investment portfolio, making the stock its 13th biggest holding.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $5,253,341,000. Bank of New York Mellon Corp purchased a new position in Honeywell Aerospace during the second quarter valued at approximately $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Honeywell Aerospace in the second quarter worth approximately $205,658,000. Deutsche Bank AG bought a new position in Honeywell Aerospace in the second quarter worth approximately $152,933,000. Finally, Haverford Trust Co purchased a new stake in Honeywell Aerospace during the second quarter worth $98,787,000.

Honeywell Aerospace Price Performance

Shares of HONA opened at $164.73 on Monday. The company has a market capitalization of $52.21 billion and a price-to-earnings ratio of 88.09. Honeywell Aerospace has a twelve month low of $150.03 and a twelve month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last released its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The firm had revenue of $4.35 billion during the quarter. On average, equities analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HONA has been the topic of several recent research reports. Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a research report on Sunday, August 9th. Royal Bank Of Canada reduced their price target on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. BMO Capital Markets decreased their price objective on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. TD Cowen initiated coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating and a $250.00 price objective on the stock. Finally, UBS Group cut their target price on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research note 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 company. Based on data from MarketBeat.com, the stock has an average 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.