Citizens Financial Group Inc. RI Makes New $10.06 Million Investment in Honeywell Aerospace $HONA

Citizens Financial Group Inc. RI acquired a new position in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, Holdings Channel reports. The firm acquired 44,949 shares of the company’s stock, valued at approximately $10,063,000.

Several other hedge funds have also recently added to or reduced their stakes in HONA. Grandfield & Dodd LLC bought a new stake in Honeywell Aerospace in the 2nd quarter worth $759,000. SCS Capital Management LLC purchased a new position in 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 approximately $2,981,000. MidFirst Bank purchased a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $5,608,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $8,809,000.

Honeywell Aerospace Stock Performance

NASDAQ:HONA opened at $160.76 on Wednesday. The company has a market cap of $50.95 billion and a PE ratio of 85.97. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last announced its quarterly earnings data 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 during the quarter. As a group, equities analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on HONA shares. BNP Paribas Exane cut their price target on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Wells Fargo & Company set a $195.00 target price on Honeywell Aerospace in a report on Monday, August 10th. Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. Morgan Stanley set a $205.00 price target on Honeywell Aerospace in a report on Friday, August 7th. Finally, Vertical Research assumed coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.