Bank of Nova Scotia Invests Heavily in Honeywell Aerospace

Bank of Nova Scotia has made a significant investment in Honeywell Aerospace, purchasing 437,647 shares in the second quarter. The value of this new stake is approximately $96,768,000.

This purchase represents about 0.14% of Honeywell Aerospace's total stock ownership at the end of the most recent quarter. Other institutional investors and hedge funds have also modified their holdings of the company during the same period.

The firm has a market capitalization of $52.21 billion and a price-to-earnings ratio of 88.09, while its revenue for the quarter was $4.35 billion.

Wall Street analysts forecast that Honeywell Aerospace will post earnings per share of $7.75 for the current fiscal year.