Cypress Asset Management Bets Big on Honeywell Aerospace

Cypress Asset Management Inc. TX has made a significant investment in Honeywell Aerospace (NASDAQ:HONA), buying 12,141 new shares valued at approximately $2.684 million during the second quarter.

This is not an isolated instance of institutional investors taking notice of Honeywell Aerospace's potential. Several other funds have also acquired stakes in the company, including Meeder Asset Management Inc., Bell Investment Advisors Inc, and Kelleher Financial Advisors.

Honeywell Aerospace has a market capitalization of $50.95 billion and a P/E ratio of 85.97. The stock opened at $160.76 on Wednesday, with analysts predicting an EPS of 7.75 for the current year.