1,676,062 Shares in Honeywell Aerospace $HONA Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 1,676,062 shares of the company’s stock, valued at approximately $370,544,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Honeywell Aerospace during the second quarter worth approximately $5,253,341,000. Wellington Management Group LLP purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter worth approximately $1,705,882,000. Bank of America Corp DE acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $1,034,187,000. Bank of New York Mellon Corp acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $644,412,000. Finally, Legal & General Group Plc purchased a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $370,665,000.

Wall Street Analysts Forecast Growth

HONA has been the topic of several research analyst reports. BNP Paribas Exane cut their price target on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Argus initiated coverage on Honeywell Aerospace in a report on Thursday, July 9th. They set a “buy” rating and a $275.00 price objective on the stock. TD Cowen assumed coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating and a $250.00 target price on the stock. Finally, Morgan Stanley raised Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price for the company in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Price Performance

Shares of Honeywell Aerospace stock opened at $162.37 on Monday. The firm has a fifty day simple moving average of $195.14. The firm has a market cap of $51.46 billion and a PE ratio of 86.83. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last issued 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 for the quarter. On average, equities analysts expect that Honeywell Aerospace will post 7.75 EPS for the current year.

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.