NEOS Investment Management LLC Acquires Shares of 242,499 Honeywell Aerospace $HONA

NEOS Investment Management LLC bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 242,499 shares of the company’s stock, valued at approximately $62,082,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Honeywell Aerospace during the second quarter worth $5,253,341,000. Wellington Management Group LLP purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $1,705,882,000. Bank of America Corp DE bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $1,034,187,000. Bank of New York Mellon Corp bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $644,412,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth about $370,544,000.

Honeywell Aerospace Stock Up 1.6%

Shares of HONA stock opened at $154.96 on Friday. The stock has a market cap of $49.11 billion and a PE ratio of 82.87. The company’s 50 day simple moving average is $191.72. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month 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, sell-side analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HONA has been the subject of several research reports. Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. BMO Capital Markets dropped their target price on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Royal Bank Of Canada reduced their target price on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. Wells Fargo & Company set a $195.00 price target on shares of Honeywell Aerospace in a research note on Monday, August 10th. Finally, Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a research note 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus 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.