New York Life Investment Management LLC Acquires New Holdings in Honeywell Aerospace $HONA

New York Life Investment Management LLC bought a new position in shares of Honeywell Aerospace (NASDAQ:HONA – Free Report) in the third quarter, HoldingsChannel reports. The firm bought 44,083 shares of the company’s stock, valued at approximately $6,832,000.

Several other hedge funds have also recently bought and sold shares of the stock. Washington Trust Advisors Inc. boosted its holdings in shares of Honeywell Aerospace by 13.4% in the third quarter. Washington Trust Advisors Inc. now owns 523 shares of the company’s stock valued at $81,000 after buying an additional 62 shares during the period. Summit Wealth Group LLC Co. increased its position in shares of Honeywell Aerospace by 5.2% during the 3rd quarter. Summit Wealth Group LLC Co. now owns 1,387 shares of the company’s stock worth $215,000 after purchasing an additional 69 shares during the last quarter. BIP Wealth LLC raised its stake in shares of Honeywell Aerospace by 2.2% during the 3rd quarter. BIP Wealth LLC now owns 3,297 shares of the company’s stock worth $511,000 after purchasing an additional 70 shares in the last quarter. Acropolis Investment Management LLC boosted its holdings in shares of Honeywell Aerospace by 10.0% in the 3rd quarter. Acropolis Investment Management LLC now owns 838 shares of the company’s stock valued at $130,000 after buying an additional 76 shares during the last quarter. Finally, Welch Group LLC boosted its holdings in shares of Honeywell Aerospace by 2.4% in the 3rd quarter. Welch Group LLC now owns 3,875 shares of the company’s stock valued at $601,000 after buying an additional 89 shares during the last quarter.

Honeywell Aerospace Stock Performance

Shares of Honeywell Aerospace stock opened at $166.23 on Friday. The company has a 50-day simple moving average of $160.05. Honeywell Aerospace has a 52-week low of $147.40 and a 52-week high of $297.50. The company has a market capitalization of $52.70 billion and a PE ratio of 40.74.

Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.31. The business had revenue of $4.64 billion for the quarter. Equities analysts anticipate that Honeywell Aerospace will post 7.93 EPS for the current year.

Honeywell Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, November 13th.

Key Stories Impacting Honeywell Aerospace

These are some of the HONA stories that stood out recently:

Wall Street Analysts Forecast Growth

HONA has been the topic of a number of recent analyst reports. Susquehanna initiated coverage on shares of Honeywell Aerospace in a report on Thursday, September 17th. They set a “positive” rating and a $190.00 target price on the stock. UBS Group cut 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 note on Thursday, August 6th. BMO Capital Markets downgraded shares of Honeywell Aerospace from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $213.00 to $181.00 in a research report on Friday, October 30th. TD Cowen decreased their price objective on shares of Honeywell Aerospace from $180.00 to $170.00 and set a “hold” rating for the company in a research report on Friday, October 9th. Finally, Weiss Ratings upgraded shares of Honeywell Aerospace from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, October 30th. Four research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $196.47.

View Our Latest Stock Report on HONA

Honeywell Aerospace Profile

(Free Report)

Honeywell Aerospace develops and supplies systems and services for commercial aviation, business and general aviation, defense, and space customers. Its offerings include aircraft engines and auxiliary power units, avionics, flight-control and navigation systems, connectivity and safety technologies, and aircraft wheels and brakes. The company also provides maintenance, repair, overhaul, and other aftermarket support for aircraft equipment. Its customers include aircraft manufacturers, airlines, business-jet operators, and government and defense organizations around the world.

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Institutional Ownership by Quarter for Honeywell Aerospace (NASDAQ:HONA)

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