Varma Mutual Pension Insurance Co Makes New Investment in Honeywell Aerospace $HONA

Varma Mutual Pension Insurance Co purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 61,550 shares of the company’s stock, valued at approximately $13,781,000.

A number of other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Honeywell Aerospace in the second quarter worth about $5,253,341,000. Bank of New York Mellon Corp purchased a new stake in Honeywell Aerospace in the second quarter valued at approximately $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Honeywell Aerospace in the 2nd quarter worth approximately $205,658,000. Deutsche Bank AG acquired a new position in Honeywell Aerospace in the 2nd quarter worth approximately $152,933,000. Finally, Madison Asset Management LLC purchased a new position in Honeywell Aerospace during the 2nd quarter worth approximately $49,743,000.

Analyst Ratings Changes

A number of research analysts have issued reports on HONA shares. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Vertical Research started coverage on shares of Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 target price for the company. UBS Group dropped their price target on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Argus started coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price objective for the company. Finally, TD Cowen began coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They issued a “hold” rating and a $250.00 price objective for the company. One research 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Stock Performance

Shares of HONA opened at $164.73 on Monday. 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 $52.21 billion and a price-to-earnings ratio of 88.09.

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. Research analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current year.

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.