Palliser Capital UK Ltd Makes New Investment in Honeywell Aerospace $HONA

Palliser Capital UK Ltd acquired a new stake in shares of Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 24,286 shares of the company’s stock, valued at approximately $5,438,000. Honeywell Aerospace makes up about 2.9% of Palliser Capital UK Ltd’s holdings, making the stock its 9th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Grandfield & Dodd LLC bought a new stake in Honeywell Aerospace in the 2nd quarter valued at $759,000. SCS Capital Management LLC bought a new position in shares of Honeywell Aerospace during the 2nd quarter valued at about $1,821,000. SFE Investment Counsel purchased a new position in shares of Honeywell Aerospace during the second quarter valued at about $2,981,000. MidFirst Bank purchased a new position in shares of Honeywell Aerospace during the second quarter valued at about $5,608,000. Finally, IMC Chicago LLC bought a new stake in shares of Honeywell Aerospace in the second quarter worth about $10,508,000.

Analyst Ratings Changes

A number of equities research analysts recently commented on HONA shares. BMO Capital Markets decreased their target price on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. Evercore set a $210.00 price target on Honeywell Aerospace in a report on Thursday, August 6th. Zacks Research raised Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Jefferies Financial Group set a $175.00 price objective on Honeywell Aerospace in a report on Sunday, August 9th. Finally, Wells Fargo & Company set a $195.00 target price on Honeywell Aerospace in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Stock Performance

Shares of NASDAQ HONA opened at $161.20 on Tuesday. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The stock has a market cap of $51.09 billion and a PE ratio of 86.20.

Honeywell Aerospace (NASDAQ:HONA) last issued its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The company 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.

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.