Rakuten Investment Management Inc. Acquires New Position in Honeywell Aerospace $HONA

Rakuten Investment Management Inc. purchased a new stake in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 76,392 shares of the company’s stock, valued at approximately $16,821,000.

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

Analyst Ratings Changes

Several research analysts recently weighed in on HONA shares. Argus began coverage on Honeywell Aerospace in a research report on Thursday, July 9th. They issued a “buy” rating and a $275.00 target price on the stock. Wells Fargo & Company set a $195.00 price target on shares of Honeywell Aerospace in a report on Monday, August 10th. Zacks Research raised Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. Jefferies Financial Group set a $175.00 price target on Honeywell Aerospace in a research note on Sunday, August 9th. Finally, BMO Capital Markets reduced their price objective on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Stock Up 1.0%

Honeywell Aerospace stock opened at $162.37 on Friday. The business’s 50-day moving average price is $195.14. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50. The company has a market capitalization of $51.46 billion and a price-to-earnings ratio of 86.83.

Honeywell Aerospace (NASDAQ:HONA) last released its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The business had revenue of $4.35 billion for the quarter. As a group, research analysts expect that Honeywell Aerospace will post 7.75 earnings per share 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.