Korea Investment CORP Invests $40.56 Million in Honeywell Aerospace $HONA

Korea Investment CORP acquired a new position in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, Holdings Channel reports. The fund acquired 181,150 shares of the company’s stock, valued at approximately $40,559,000.

A number of other large investors have also recently added to or reduced their stakes in the business. EP Wealth Advisors LLC purchased a new position in Honeywell Aerospace during the 2nd quarter valued at about $37,609,000. Ieq Capital LLC acquired a new position in Honeywell Aerospace during the second quarter worth about $7,555,000. Callan Family Office LLC purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at about $2,248,000. Heartland Advisors Inc. purchased a new stake in shares of Honeywell Aerospace in the second quarter valued at about $116,000. Finally, Keebeck Wealth Management acquired a new stake in shares of Honeywell Aerospace in the second quarter valued at approximately $254,000.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HONA. Royal Bank Of Canada dropped their price objective on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, August 6th. Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Finally, Wolfe Research initiated coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating for the company. One investment 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Stock Performance

NASDAQ:HONA opened at $164.73 on Friday. The stock has a market capitalization of $52.21 billion and a price-to-earnings ratio of 88.09. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last released its quarterly 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 for the quarter. Analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current year.

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.