OVERSEA CHINESE BANKING Corp Ltd Acquires Shares of 6,500 Honeywell Aerospace $HONA

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 6,500 shares of the company’s stock, valued at approximately $1,437,000.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. bought 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 purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at approximately $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Honeywell Aerospace in the 2nd quarter worth approximately $205,658,000. Deutsche Bank AG bought a new position in Honeywell Aerospace in the 2nd quarter worth approximately $152,933,000. Finally, Madison Asset Management LLC bought a new position in Honeywell Aerospace in the 2nd quarter worth approximately $49,743,000.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. BNP Paribas Exane lowered their target price on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Zacks Research raised Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. 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 for the company. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. Finally, Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Price Performance

Shares of NASDAQ:HONA opened at $164.73 on Friday. The company has a market cap of $52.21 billion and a P/E 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 posted its earnings results 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. As a group, equities research 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.