IMC Chicago LLC Invests $10.51 Million in Honeywell Aerospace $HONA

IMC Chicago LLC bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 47,532 shares of the company’s stock, valued at approximately $10,508,000.

A number of other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at $5,253,341,000. Wellington Management Group LLP acquired a new position in shares of Honeywell Aerospace during the 2nd quarter worth about $1,705,882,000. Bank of America Corp DE acquired a new position in shares of Honeywell Aerospace during the 2nd quarter worth about $1,034,187,000. Bank of New York Mellon Corp acquired a new position in shares of Honeywell Aerospace during the 2nd quarter worth about $644,412,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $377,905,000.

Honeywell Aerospace Trading Up 1.0%

Shares of HONA opened at $162.37 on Friday. The company has a market cap of $51.46 billion and a P/E ratio of 86.83. The company has a 50-day moving average price of $195.14. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50.

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 firm had revenue of $4.35 billion during the quarter. As a group, analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HONA. JPMorgan Chase & Co. began coverage on Honeywell Aerospace in a research report on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price on the stock. TD Cowen assumed coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating and a $250.00 price target for the company. BMO Capital Markets decreased their price target on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Argus began coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 price target for the company. Finally, Jefferies Financial Group set a $175.00 price target on Honeywell Aerospace in a research report on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Honeywell Aerospace has a consensus rating of “Hold” and an average target price of $224.17.

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.