Meiji Yasuda Life Insurance Co Invests $772,000 in Honeywell Aerospace $HONA

Meiji Yasuda Life Insurance Co acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,490 shares of the company’s stock, valued at approximately $772,000.

A number of other large investors also recently bought and sold shares of HONA. Bell Investment Advisors Inc purchased a new position in Honeywell Aerospace during the second quarter worth about $29,000. Strategic Wealth Advisors LLC purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $29,000. Meeder Asset Management Inc. acquired a new position in shares of Honeywell Aerospace in the 2nd quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Honeywell Aerospace in the 2nd quarter worth approximately $40,000. Finally, Gables Capital Management Inc. purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $47,000.

Honeywell Aerospace Trading Up 1.0%

NASDAQ HONA opened at $162.37 on Friday. The company has a 50 day simple moving average of $195.14. Honeywell Aerospace has a one year low of $150.03 and a one year high of $297.50. The stock has a market capitalization of $51.46 billion and a price-to-earnings ratio of 86.83.

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 business had revenue of $4.35 billion during the quarter. As a group, analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on HONA. JPMorgan Chase & Co. assumed coverage on shares of Honeywell Aerospace in a report on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price for the company. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. Wells Fargo & Company set a $195.00 price target on Honeywell Aerospace in a research report on Monday, August 10th. Jefferies Financial Group set a $175.00 price objective on Honeywell Aerospace in a research note on Sunday, August 9th. Finally, Wolfe Research started coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating on the stock. One 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 an average rating of “Hold” and a consensus 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.