Hsbc Holdings PLC Makes New $157.19 Million Investment in Honeywell Aerospace $HONA

Hsbc Holdings PLC bought a new position in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 707,271 shares of the company’s stock, valued at approximately $157,189,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HONA. Meeder Asset Management Inc. purchased a new stake in Honeywell Aerospace during the second quarter valued at about $29,000. Bell Investment Advisors Inc purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth about $29,000. Strategic Wealth Advisors LLC acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $41,000. Finally, Gables Capital Management Inc. purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter worth about $47,000.

Honeywell Aerospace Stock Performance

NASDAQ HONA opened at $160.36 on Wednesday. The firm has a market cap of $50.83 billion and a PE ratio of 85.75. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week 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 for the quarter. The firm had revenue of $4.35 billion for the quarter. As a group, equities research analysts anticipate that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Vertical Research assumed coverage on shares of Honeywell Aerospace in a research report on Wednesday, July 1st. They set a “hold” rating and a $243.00 target price for the company. Royal Bank Of Canada reduced their price target on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. TD Cowen started coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating and a $250.00 price objective for the company. Morgan Stanley raised shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective for the company in a research report on Wednesday, August 19th. Finally, BNP Paribas Exane cut their target price on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Honeywell Aerospace currently has a consensus rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Company Profile

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.