Susquehanna International Group LLP Makes New Investment in Honeywell Aerospace $HONA

Susquehanna International Group LLP bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, HoldingsChannel.com reports. The firm bought 253,524 shares of the company’s stock, valued at approximately $56,049,000.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $5,253,341,000. Wellington Management Group LLP acquired a new stake in Honeywell Aerospace during the second quarter worth approximately $1,705,882,000. Bank of America Corp DE acquired a new stake in Honeywell Aerospace during the second quarter worth approximately $1,034,187,000. Bank of New York Mellon Corp bought a new position in Honeywell Aerospace during the 2nd quarter worth $644,412,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Honeywell Aerospace during the 2nd quarter worth $377,905,000.

Honeywell Aerospace Price Performance

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

Honeywell Aerospace (NASDAQ:HONA) last posted its earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The firm had revenue of $4.35 billion during the quarter. On average, sell-side analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HONA has been the subject of several recent analyst reports. Evercore set a $210.00 price objective on shares of Honeywell Aerospace in a research report on Thursday, August 6th. Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Vertical Research started coverage on shares of Honeywell Aerospace in a research report on Wednesday, July 1st. They set a “hold” rating and a $243.00 price target on the stock. Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. Finally, Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.