61,550 Shares in Honeywell Aerospace $HONA Purchased by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, HoldingsChannel reports. The firm acquired 61,550 shares of the company’s stock, valued at approximately $13,781,000.

Other hedge funds have also made changes to their positions in the company. Hardy Reed LLC purchased a new position in shares of Honeywell Aerospace in the second quarter valued at approximately $1,151,000. Plan Group Financial LLC acquired a new stake in shares of Honeywell Aerospace in the second quarter worth approximately $270,000. Mill Capital Management LLC acquired a new stake in shares of Honeywell Aerospace in the second quarter worth approximately $419,000. Bryn Mawr Trust Advisors LLC acquired a new position in Honeywell Aerospace in the 2nd quarter valued at $1,301,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Honeywell Aerospace in the 2nd quarter valued at $8,809,000.

Honeywell Aerospace Stock Performance

NASDAQ HONA opened at $164.73 on Monday. The firm has a market cap of $52.21 billion and a price-to-earnings ratio of 88.09. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last posted its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The company had revenue of $4.35 billion for the quarter. Equities analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current year.

Analysts Set New Price Targets

HONA has been the topic of several recent research reports. Vertical Research initiated coverage on shares of Honeywell Aerospace in a research note on Wednesday, July 1st. They set a “hold” rating and a $243.00 target price on the stock. Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. Evercore set a $210.00 price target on shares of Honeywell Aerospace in a research report on Thursday, August 6th. Wolfe Research assumed coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They set a “neutral” rating and a $255.00 price objective for the company. One research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.