The Manufacturers Life Insurance Company Acquires New Holdings in Honeywell Aerospace $HONA

The Manufacturers Life Insurance Company bought a new position in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, Holdings Channel.com reports. The institutional investor bought 161,528 shares of the company’s stock, valued at approximately $36,166,000.

Several other hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $29,000. Bell Investment Advisors Inc bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $29,000. Strategic Wealth Advisors LLC acquired a new stake in Honeywell Aerospace in the second quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Honeywell Aerospace in the second quarter worth $41,000. Finally, Gables Capital Management Inc. acquired a new position in shares of Honeywell Aerospace during the second quarter worth $47,000.

Honeywell Aerospace Trading Up 2.3%

Shares of NASDAQ HONA opened at $164.01 on Thursday. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50. The firm has a 50 day moving average price of $196.77. The stock has a market capitalization of $51.98 billion and a price-to-earnings ratio of 87.71.

Honeywell Aerospace (NASDAQ:HONA) last posted its quarterly earnings results 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. As a group, sell-side analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Wall Street Analyst Weigh In

HONA has been the subject of a number of recent analyst reports. Royal Bank Of Canada lowered their price objective 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. Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a research report on Sunday, August 9th. BNP Paribas Exane decreased their price objective on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Argus initiated coverage on shares of Honeywell Aerospace in a research report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price objective for the company. Finally, Evercore set a $210.00 target price on shares of Honeywell Aerospace in a research note on Thursday, August 6th. 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.com, Honeywell Aerospace presently has an average rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace 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.