Canada Pension Plan Investment Board Invests $174.91 Million in Honeywell Aerospace $HONA

Canada Pension Plan Investment Board acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 791,179 shares of the company’s stock, valued at approximately $174,914,000. Canada Pension Plan Investment Board owned about 0.25% of Honeywell Aerospace at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HONA. Bell Investment Advisors Inc acquired a new stake in Honeywell Aerospace during the 2nd quarter valued at $29,000. Strategic Wealth Advisors LLC acquired a new position in shares of Honeywell Aerospace in the second quarter worth $29,000. Meeder Asset Management Inc. acquired a new position in shares of Honeywell Aerospace in the second quarter worth $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Honeywell Aerospace in the second quarter worth $40,000. Finally, Gables Capital Management Inc. purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at $47,000.

Honeywell Aerospace Trading Up 2.3%

Shares of Honeywell Aerospace stock opened at $164.01 on Thursday. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The stock has a market cap of $51.98 billion and a price-to-earnings ratio of 87.71. The business’s fifty day simple moving average is $196.77.

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

Analysts Set New Price Targets

HONA has been the topic of a number of analyst reports. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. UBS Group cut their target price on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. BNP Paribas Exane reduced their target price 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. Argus began coverage on shares of Honeywell Aerospace in a research note on Thursday, July 9th. They set a “buy” rating and a $275.00 price target on the stock. Finally, Jefferies Financial Group set a $175.00 price target on shares of Honeywell Aerospace in a report on Sunday, August 9th. 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 stock presently 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.