William Blair Investment Management LLC Makes New $1.61 Million Investment in Honeywell Aerospace $HONA

William Blair Investment Management LLC bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,291 shares of the company’s stock, valued at approximately $1,612,000.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $5,253,341,000. Bank of New York Mellon Corp bought a new position in Honeywell Aerospace in the 2nd quarter worth approximately $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Honeywell Aerospace during the 2nd quarter worth $205,658,000. Deutsche Bank AG acquired a new position in Honeywell Aerospace during the 2nd quarter worth $152,933,000. Finally, Madison Asset Management LLC bought a new position in Honeywell Aerospace in the 2nd quarter valued at $49,743,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on HONA shares. Wolfe Research assumed coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating for the company. Morgan Stanley raised Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target on the stock in a research note on Wednesday. Wells Fargo & Company set a $195.00 price target on Honeywell Aerospace in a report on Monday, August 10th. Royal Bank Of Canada lowered their price objective on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. Finally, Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. One 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Stock Performance

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

Honeywell Aerospace (NASDAQ:HONA) last issued 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 earnings per share for the current 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.