Caisse de depot et placement du Quebec Invests $48.83 Million in Honeywell Aerospace $HONA

Caisse de depot et placement du Quebec acquired a new position in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, Holdings Channel reports. The fund acquired 220,862 shares of the company’s stock, valued at approximately $48,828,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Meeder Asset Management Inc. acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $29,000. Bell Investment Advisors Inc acquired a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $29,000. Strategic Wealth Advisors LLC acquired a new stake in Honeywell Aerospace during the 2nd quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Honeywell Aerospace in the second quarter worth $40,000. Finally, Gables Capital Management Inc. purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at $47,000.

Wall Street Analyst Weigh In

HONA has been the topic of a number of analyst reports. Morgan Stanley raised Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective on the stock in a research note on Wednesday, August 19th. BMO Capital Markets lowered their price target on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a report on Monday, August 10th. Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. Wolfe Research initiated coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating on the stock. Finally, Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Stock Performance

Shares of HONA opened at $160.75 on Friday. The firm has a market cap of $50.95 billion and a price-to-earnings ratio of 85.96. The company has a fifty day moving average of $195.92. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last issued its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The firm had revenue of $4.35 billion during the quarter. Equities research analysts anticipate that Honeywell Aerospace will post 7.75 EPS 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.