E20 Capital Ltd Purchases New Holdings in Honeywell Aerospace $HONA

E20 Capital Ltd purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 144,577 shares of the company’s stock, valued at approximately $32,371,000. Honeywell Aerospace accounts for approximately 2.6% of E20 Capital Ltd’s portfolio, making the stock its 12th biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of HONA. BlackRock Inc. bought a new position in Honeywell Aerospace in the 2nd quarter valued at $5,253,341,000. Bank of New York Mellon Corp bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $205,658,000. Deutsche Bank AG bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $152,933,000. Finally, Haverford Trust Co purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth about $98,787,000.

Honeywell Aerospace Price Performance

HONA opened at $164.73 on Monday. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50. The company has a market capitalization of $52.21 billion and a P/E ratio of 88.09.

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

Wall Street Analyst Weigh In

HONA has been the subject of several research reports. UBS Group reduced their price target on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Royal Bank Of Canada lowered their price objective on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. BMO Capital Markets dropped their target price on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. TD Cowen initiated coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating and a $250.00 target price for the company. Finally, Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. One equities 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’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $224.17.

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.