Deutsche Bank AG Makes New Investment in Honeywell Aerospace $HONA

Deutsche Bank AG acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 662,791 shares of the company’s stock, valued at approximately $146,530,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc bought a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $29,000. Trifecta Capital Advisors LLC acquired a new stake in shares of Honeywell Aerospace in the second quarter worth $67,000. Kelleher Financial Advisors acquired a new stake in shares of Honeywell Aerospace in the second quarter worth $78,000. J.Safra Asset Management Corp bought a new position in Honeywell Aerospace during the second quarter worth $124,000. Finally, One Wealth Advisors LLC bought a new position in Honeywell Aerospace during the second quarter worth $210,000.

Honeywell Aerospace Trading Up 6.2%

Shares of Honeywell Aerospace stock opened at $170.76 on Thursday. The stock has a market cap of $54.12 billion and a price-to-earnings ratio of 91.31. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last announced its earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The business had revenue of $4.35 billion for the quarter. As a group, equities analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current year.

Wall Street Analyst Weigh In

HONA has been the subject of a number of research reports. Argus assumed coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price target for the company. TD Cowen initiated coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $250.00 price objective on the stock. Vertical Research initiated coverage on shares of Honeywell Aerospace in a research report on Wednesday, July 1st. They set a “hold” rating and a $243.00 price objective for the company. Jefferies Financial Group set a $175.00 target price on shares of Honeywell Aerospace in a research note on Sunday, August 9th. Finally, Royal Bank Of Canada decreased their target price on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. One investment 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 currently has an average rating of “Hold” and an average price target 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.