Rakuten Investment Management Inc. Acquires Shares of 76,392 Honeywell Aerospace $HONA

Rakuten Investment Management Inc. bought a new stake in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 76,392 shares of the company’s stock, valued at approximately $17,402,000.

Several other institutional investors have also recently made changes to their positions in HONA. BlackRock Inc. bought a new position in Honeywell Aerospace during the 2nd quarter valued at about $5,253,341,000. Bank of America Corp DE purchased a new stake in Honeywell Aerospace in the 2nd quarter worth about $1,034,187,000. Bank of New York Mellon Corp bought a new stake in Honeywell Aerospace in the second quarter worth about $644,412,000. Legal & General Group Plc bought a new stake in Honeywell Aerospace in the second quarter worth about $370,665,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $205,658,000.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Vertical Research initiated coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They set a “hold” rating and a $243.00 target price on the stock. BMO Capital Markets decreased their price target on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. Argus initiated coverage on Honeywell Aerospace in a research report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price objective on the stock. Finally, JPMorgan Chase & Co. started coverage on Honeywell Aerospace in a research note on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price on the stock. 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 company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $224.17.

Honeywell Aerospace Stock Performance

Shares of Honeywell Aerospace stock opened at $162.37 on Friday. The stock has a market capitalization of $51.46 billion and a price-to-earnings ratio of 86.83. The company’s fifty day moving average price is $195.14. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last announced its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The business had revenue of $4.35 billion during the quarter. As a group, research analysts forecast that Honeywell Aerospace will post 7.75 earnings per share 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.