Nixon Capital LLC Makes New $7.55 Million Investment in Honeywell Aerospace $HONA

Nixon Capital LLC acquired a new position in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, HoldingsChannel reports. The firm acquired 34,148 shares of the company’s stock, valued at approximately $7,549,000. Honeywell Aerospace comprises about 2.4% of Nixon Capital LLC’s holdings, making the stock its 17th largest position.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Honeywell Aerospace during the 2nd quarter valued at $5,253,341,000. Bank of New York Mellon Corp purchased a new position in Honeywell Aerospace in the 2nd quarter worth $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Honeywell Aerospace in the second quarter worth $205,658,000. Deutsche Bank AG bought a new stake in Honeywell Aerospace in the second quarter worth $152,933,000. Finally, Haverford Trust Co bought a new stake in Honeywell Aerospace in the second quarter worth $98,787,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Jefferies Financial Group set a $175.00 price objective on Honeywell Aerospace in a research note on Sunday, August 9th. Royal Bank Of Canada lowered their target price 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. UBS Group dropped their target price on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Evercore set a $210.00 price target on Honeywell Aerospace in a research note on Thursday, August 6th. Finally, Zacks Research raised Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. One investment 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, the stock currently has an average rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Stock Performance

Shares of Honeywell Aerospace stock opened at $164.73 on Monday. The firm has a market capitalization of $52.21 billion and a price-to-earnings 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 (EPS) for the quarter. The firm had revenue of $4.35 billion during the quarter. Research analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

About Honeywell Aerospace

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.