Cullen Capital Management Buys into Honeywell Aerospace for $23 Million

Cullen Capital Management LLC acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 106,610 shares of the company's stock, valued at approximately $23,569,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HONA. Grandfield & Dodd LLC bought a new position in Honeywell Aerospace in the second quarter worth about $759,000. SCS Capital Management LLC bought a new position in shares of Honeywell Aerospace in the 2nd quarter worth approximately $1,821,000.

Honeywell Aerospace has been facing some downgrades from analysts recently. BMO Capital Markets dropped their target price on shares of Honeywell Aerospace from $276.00 to $209.00 and set an 'outperform' rating on the stock in a report on Monday, August 10th. Royal Bank Of Canada cut their price objective on shares of Honeywell Aerospace from $300.00 to $250.00 and set an 'outperform' rating on the stock in a report on Thursday, August 6th.