Caisse de depot et placement du Quebec Invests $49.48 Million in Honeywell Aerospace $HONA

Caisse de depot et placement du Quebec bought a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 221,008 shares of the company’s stock, valued at approximately $49,484,000. Caisse de depot et placement du Quebec owned 0.07% of Honeywell Aerospace as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HONA. Meeder Asset Management Inc. purchased a new position in Honeywell Aerospace during the second quarter worth approximately $29,000. Bell Investment Advisors Inc acquired a new stake in Honeywell Aerospace in the second quarter valued at approximately $29,000. Strategic Wealth Advisors LLC purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $40,000. Finally, Gables Capital Management Inc. acquired a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $47,000.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a research report on Sunday, August 9th. Wolfe Research started coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating for the company. Wells Fargo & Company set a $195.00 price objective on shares of Honeywell Aerospace in a research report on Monday, August 10th. UBS Group decreased their price objective on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Finally, Royal Bank Of Canada dropped their target price 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. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Honeywell Aerospace has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Stock Performance

NASDAQ HONA opened at $160.75 on Friday. The stock has a market capitalization of $50.95 billion and a P/E ratio of 85.96. The firm has a 50 day moving average price of $195.92. Honeywell Aerospace has a 1-year low of $150.03 and a 1-year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last issued its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The firm had revenue of $4.35 billion for the quarter. Research analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current fiscal 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.