Cullen Capital Management LLC Acquires New Holdings in Honeywell Aerospace $HONA

Cullen Capital Management LLC bought a new position in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 106,610 shares of the company’s stock, valued at approximately $23,569,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of HONA. BlackRock Inc. purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth $5,253,341,000. Bank of New York Mellon Corp bought a new position in Honeywell Aerospace in the second quarter valued at about $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Honeywell Aerospace in the second quarter worth about $205,658,000. Deutsche Bank AG bought a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at about $152,933,000. Finally, Haverford Trust Co purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at about $98,787,000.

Honeywell Aerospace Stock Down 2.1%

Honeywell Aerospace stock opened at $161.20 on Tuesday. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The company has a market capitalization of $51.09 billion and a P/E ratio of 86.20.

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 firm had revenue of $4.35 billion for the quarter. Analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HONA shares. Morgan Stanley raised shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective on the stock in a report on Wednesday, August 19th. Melius Research upgraded shares of Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. Argus initiated coverage on shares of Honeywell Aerospace in a research report on Thursday, July 9th. They set a “buy” rating and a $275.00 price objective for the company. Evercore set a $210.00 price objective on Honeywell Aerospace in a research note on Thursday, August 6th. Finally, BMO Capital Markets lowered their target price on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. One equities research 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. According to MarketBeat, the company has a consensus 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.