Northwestern Mutual Wealth Management Co. Invests $10.06 Million in Honeywell Aerospace $HONA

Northwestern Mutual Wealth Management Co. bought a new stake in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, HoldingsChannel reports. The firm bought 44,954 shares of the company’s stock, valued at approximately $10,065,000.

Other large investors have also modified their holdings of the company. Meeder Asset Management Inc. acquired a new position in Honeywell Aerospace in the second quarter worth about $29,000. Bell Investment Advisors Inc acquired 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 during the second quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Honeywell Aerospace during the 2nd quarter worth approximately $40,000. Finally, Gables Capital Management Inc. bought a new position in Honeywell Aerospace during the 2nd quarter worth approximately $47,000.

Honeywell Aerospace Price Performance

Shares of HONA stock opened at $164.73 on Monday. The company has a market capitalization of $52.21 billion and a price-to-earnings ratio of 88.09. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on HONA shares. Jefferies Financial Group set a $175.00 price target on Honeywell Aerospace in a report on Sunday, August 9th. Argus started coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They set a “buy” rating and a $275.00 price objective on the stock. Morgan Stanley raised shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective for the company in a report on Wednesday. Vertical Research assumed coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price objective for the company. Finally, UBS Group lowered their target price on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company. According to 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.