Trans Canada Capital Inc. Buys New Stake in Honeywell Aerospace $HONA

Trans Canada Capital Inc. purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 53,360 shares of the company’s stock, valued at approximately $11,797,000. Honeywell Aerospace accounts for about 0.6% of Trans Canada Capital Inc.’s investment portfolio, making the stock its 16th largest holding.

A number of other institutional investors have also modified their holdings of HONA. BlackRock Inc. acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $5,253,341,000. Wellington Management Group LLP acquired a new stake in Honeywell Aerospace during the second quarter worth about $1,705,882,000. Bank of America Corp DE acquired a new stake in Honeywell Aerospace during the second quarter worth about $1,034,187,000. Bank of New York Mellon Corp purchased a new position in Honeywell Aerospace during the second quarter valued at approximately $644,412,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Honeywell Aerospace during the second quarter valued at approximately $370,544,000.

Analyst Ratings Changes

Several equities research analysts have commented on HONA shares. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. Wells Fargo & Company set a $195.00 target price on shares of Honeywell Aerospace in a report on Monday, August 10th. BNP Paribas Exane decreased their target price on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. JPMorgan Chase & Co. initiated coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price for the company. Finally, Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. One investment 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 MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Stock Performance

Shares of HONA stock opened at $161.01 on Monday. The firm has a market cap of $51.03 billion and a P/E ratio of 86.10. The stock’s 50 day simple moving average is $191.08. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year 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 company had revenue of $4.35 billion during the quarter. On average, research analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current year.

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.