61,550 Shares in Honeywell Aerospace $HONA Bought by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co bought a new stake in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, Holdings Channel.com reports. The fund bought 61,550 shares of the company’s stock, valued at approximately $13,607,000.

Other large investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $29,000. Bell Investment Advisors Inc purchased a new stake in Honeywell Aerospace during the second quarter valued at approximately $29,000. Strategic Wealth Advisors LLC acquired a new stake in Honeywell Aerospace in the second quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Honeywell Aerospace in the second quarter worth $41,000. Finally, Gables Capital Management Inc. purchased a new position in Honeywell Aerospace in the second quarter worth $47,000.

Honeywell Aerospace Stock Performance

HONA stock opened at $164.73 on Monday. The firm has a market capitalization of $52.21 billion and a PE ratio of 88.09. 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 earnings per share for the quarter. The business had revenue of $4.35 billion during the quarter. On average, research analysts expect that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Jefferies Financial Group set a $175.00 price objective on Honeywell Aerospace in a report on Sunday, August 9th. Royal Bank Of Canada decreased their price target on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, August 6th. Wolfe Research began coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating on the stock. Melius Research upgraded shares of Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Finally, Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $224.17.

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.