Bank of New York Mellon Acquires Significant Stake in Honeywell Aerospace

Bank of New York Mellon Corp has acquired a new stake in Honeywell Aerospace (NASDAQ:HONA), purchasing approximately 2,914,841 shares worth $644,412,000. This investment accounts for about 0.92% of the company's outstanding stock.

The purchase was made during the second quarter and was disclosed to the Securities and Exchange Commission (SEC). Multiple other large investors also acquired new stakes in Honeywell Aerospace during this period, including Focus Partners Advisor Solutions LLC, ABN AMRO Bank N.V., Summit Asset Management LLC, S&CO Inc., and Helios Capital Management PTE. Ltd.

Honeywell Aerospace reported $6,340,000.00 earnings per share for the quarter, with revenue of $4.35 billion. Analysts expect the company to post 7.75 earnings per share for the current year.