Empirical Finance LLC Purchases Shares of 11,511 Honeywell Aerospace $HONA

Empirical Finance LLC purchased a new position in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,511 shares of the company’s stock, valued at approximately $2,545,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. California State Teachers Retirement System bought a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $24,053,526,000. BlackRock Inc. bought a new position in Honeywell Aerospace in the 2nd quarter worth $5,253,341,000. Wellington Management Group LLP bought a new position in Honeywell Aerospace in the 2nd quarter worth $1,705,882,000. Bank of America Corp DE bought a new position in Honeywell Aerospace in the 2nd quarter worth $1,034,187,000. Finally, Bank of New York Mellon Corp purchased a new stake in Honeywell Aerospace in the 2nd quarter worth $644,412,000.

Honeywell Aerospace Stock Down 3.5%

Shares of HONA stock opened at $155.42 on Wednesday. The company has a market capitalization of $49.26 billion and a PE ratio of 83.11. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The stock has a 50-day moving average price of $189.76.

Honeywell Aerospace (NASDAQ:HONA) last announced its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The firm had revenue of $4.35 billion for the quarter. As a group, research analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on HONA shares. TD Cowen assumed coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $250.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a research note on Friday, July 10th. They issued a “neutral” rating and a $255.00 price objective for the company. Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. Vertical Research began coverage on Honeywell Aerospace in a report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price target on the stock. Finally, Argus started coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 price target for the company. One 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 company’s stock. Based on data from MarketBeat.com, Honeywell Aerospace has an average 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.