Flputnam Investment Management Co. Invests $4.67 Million in Honeywell Aerospace $HONA

Flputnam Investment Management Co. purchased a new position in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,868 shares of the company’s stock, valued at approximately $4,672,000.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HONA shares. TD Cowen assumed coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating and a $250.00 price target for the company. BMO Capital Markets decreased their target price on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Evercore set a $210.00 price target on Honeywell Aerospace in a research report on Thursday, August 6th. Finally, Argus assumed coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They set a “buy” rating and a $275.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Price Performance

Shares of NASDAQ HONA opened at $162.37 on Monday. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The firm’s fifty day moving average is $195.14. The company has a market cap of $51.46 billion and a PE 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 EPS for the quarter. The company had revenue of $4.35 billion during the quarter. As a group, analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current year.

Honeywell Aerospace 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.