Nissay Asset Management Corp Japan Invests $21.17 Million in Honeywell Aerospace $HONA

Nissay Asset Management Corp Japan purchased a new position in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, Holdings Channel.com reports. The fund purchased 94,542 shares of the company’s stock, valued at approximately $21,168,000.

A number of other hedge funds also recently modified their holdings of HONA. Meeder Asset Management Inc. purchased a new position in Honeywell Aerospace in the second quarter valued at approximately $29,000. Bell Investment Advisors Inc purchased a new stake in Honeywell Aerospace in the second quarter worth $29,000. Strategic Wealth Advisors LLC purchased a new stake in Honeywell Aerospace in the second quarter worth $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Honeywell Aerospace in the second quarter valued at $40,000. Finally, Gables Capital Management Inc. bought a new stake in shares of Honeywell Aerospace in the second quarter valued at $47,000.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. Argus started coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They set a “buy” rating and a $275.00 price objective on the stock. BMO Capital Markets cut their target price on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Finally, TD Cowen initiated coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Stock Performance

Shares of NASDAQ HONA opened at $162.37 on Friday. The stock has a market capitalization of $51.46 billion and a PE ratio of 86.83. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The company has a fifty day moving average of $195.14.

Honeywell Aerospace (NASDAQ:HONA) last released its quarterly earnings data 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 for the quarter. Analysts predict that Honeywell Aerospace will post 7.75 EPS for the current fiscal 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.