Hsbc Holdings PLC Invests $242.10 Million in Honeywell Aerospace $HONA

Hsbc Holdings PLC purchased a new stake in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 731,508 shares of the company’s stock, valued at approximately $242,103,000. Hsbc Holdings PLC owned about 0.23% of Honeywell Aerospace as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of HONA. BlackRock Inc. acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter worth approximately $5,253,341,000. Bank of New York Mellon Corp purchased a new position in Honeywell Aerospace during the second quarter worth about $644,412,000. Legal & General Group Plc acquired a new stake in shares of Honeywell Aerospace during the second quarter valued at about $370,665,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Honeywell Aerospace during the second quarter valued at about $205,658,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $174,914,000.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on HONA shares. Wolfe Research began coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating for the company. BMO Capital Markets cut their price objective on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a report on Sunday, August 9th. Evercore set a $210.00 target price on Honeywell Aerospace in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada dropped their price target 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 research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Stock Down 0.5%

Shares of NASDAQ HONA opened at $160.36 on Wednesday. The stock has a market cap of $50.83 billion and a price-to-earnings ratio of 85.75. 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 data on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The business had revenue of $4.35 billion during the quarter. On average, equities research analysts expect 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.