William Blair Investment Management LLC Takes Position in Honeywell Aerospace $HONA

William Blair Investment Management LLC acquired a new position in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, Holdings Channel reports. The fund acquired 7,287 shares of the company’s stock, valued at approximately $1,632,000.

Other large investors have also recently added to or reduced their stakes in the company. Grandfield & Dodd LLC acquired a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $759,000. SCS Capital Management LLC acquired a new stake in Honeywell Aerospace during the 2nd quarter valued at $1,821,000. SFE Investment Counsel acquired a new stake in Honeywell Aerospace during the 2nd quarter valued at $2,981,000. MidFirst Bank acquired a new stake in Honeywell Aerospace during the 2nd quarter valued at $5,608,000. Finally, IMC Chicago LLC purchased a new position in Honeywell Aerospace during the second quarter worth $10,508,000.

Honeywell Aerospace Price Performance

HONA stock opened at $164.73 on Monday. The company has a market capitalization of $52.21 billion and a price-to-earnings ratio of 88.09. 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 quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The business had revenue of $4.35 billion for the quarter. As a group, sell-side analysts expect that Honeywell Aerospace will post 7.75 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on HONA shares. Jefferies Financial Group set a $175.00 price target on Honeywell Aerospace in a report on Sunday, August 9th. Argus began coverage on Honeywell Aerospace in a research report on Thursday, July 9th. They set a “buy” rating and a $275.00 price objective for the company. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. Royal Bank Of Canada cut their target price 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. Finally, Vertical Research initiated coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 target price 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 company’s stock. Based on data from MarketBeat, the stock currently 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.