Canada Pension Plan Investment Board Takes $177.15 Million Position in Honeywell Aerospace $HONA

Canada Pension Plan Investment Board purchased a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, Holdings Channel reports. The fund purchased 791,179 shares of the company’s stock, valued at approximately $177,145,000.

A number of other institutional investors also recently bought and sold shares of the stock. Bell Investment Advisors Inc purchased a new position in Honeywell Aerospace during the second quarter worth $29,000. Strategic Wealth Advisors LLC purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at $29,000. Meeder Asset Management Inc. purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth about $40,000. Finally, Gables Capital Management Inc. bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth about $47,000.

Wall Street Analyst Weigh In

A number of research firms recently commented on HONA. Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. UBS Group decreased their price objective 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. Morgan Stanley upgraded Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price for the company in a research report on Wednesday, August 19th. Wells Fargo & Company set a $195.00 target price on Honeywell Aerospace in a research note on Monday, August 10th. Finally, JPMorgan Chase & Co. began coverage on Honeywell Aerospace in a report on Friday, July 10th. They issued a “neutral” rating and a $255.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Honeywell Aerospace currently has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Price Performance

Shares of HONA opened at $164.01 on Thursday. The company’s fifty day moving average is $196.77. The stock has a market capitalization of $51.98 billion and a price-to-earnings ratio of 87.71. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50.

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

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.