CDPQ Invests Heavily in Honeywell Aerospace Amidst Strong Earnings Predictions
Caisse de depot et placement du Quebec (CDPQ) has made a significant investment in Honeywell Aerospace, purchasing 220,862 new shares in the second quarter. This acquisition is valued at approximately $48,828,000.
The CDPQ now owns 0.07% of Honeywell Aerospace's stock following this purchase. Several other institutional investors also acquired new positions in Honeywell Aerospace during the same period, including Hardy Reed LLC, Plan Group Financial LLC, Mill Capital Management LLC, Bryn Mawr Trust Advisors LLC, and Oppenheimer Asset Management Inc.
Honeywell Aerospace recently reported its earnings results on June 15th, with a quarterly revenue of $4.35 billion and EPS of $6,340,000.00. Analysts anticipate that the company will post 7.75 earnings per share for the current year.