NEOS Investment Management LLC Invests $53.58 Million in Honeywell Aerospace $HONA

NEOS Investment Management LLC acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 242,343 shares of the company’s stock, valued at approximately $53,578,000.

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

Honeywell Aerospace Stock Performance

Shares of HONA opened at $154.96 on Friday. The firm has a market capitalization of $49.11 billion and a P/E ratio of 82.87. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50. The stock’s fifty day moving average price is $191.72.

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 firm had revenue of $4.35 billion for the quarter. On average, analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on HONA shares. Jefferies Financial Group set a $175.00 price objective on shares of Honeywell Aerospace in a research report on Sunday, August 9th. Melius Research upgraded shares of Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. Argus started coverage on shares of Honeywell Aerospace in a research report on Thursday, July 9th. They set a “buy” rating and a $275.00 price target on the stock. JPMorgan Chase & Co. began coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They set a “neutral” rating and a $255.00 price target on the stock. Finally, Royal Bank Of Canada reduced their price objective on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.