Allianz Pours Over $9 Million into Honeywell Aerospace
Allianz Asset Management GmbH has acquired a new position in Honeywell Aerospace (NASDAQ:HONA) by purchasing 41,257 shares worth approximately $9.12 million.
This investment is part of a larger trend where several institutional investors have added to their stakes in HONA during the second quarter. California State Teachers Retirement System purchased a new stake worth $24.05 billion, while BlackRock Inc. bought a new position valued at about $5.25 billion.
Honeywell Aerospace has received various price target updates from analysts. Morgan Stanley upgraded its rating to 'overweight' and set a target price of $205.00, while BMO Capital Markets cut their target to $209.00 with an 'outperform' rating.