Emerald Investment Advisers Acquires Stake in Honeywell Aerospace
Emerald Investment Advisers LLC acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,257 shares of the company's stock, valued at approximately $1,825,000.
This is not an isolated instance. Other institutional investors also recently added to or reduced their stakes in Honeywell Aerospace during the second quarter. BlackRock Inc., for example, acquired a new position in the company worth around $5.25 billion. Bank of New York Mellon Corp and Mitsubishi UFJ Asset Management Co. Ltd. also acquired new stakes in shares of Honeywell Aerospace valued at approximately $644 million and $205.7 million respectively.
As of Friday, shares of Honeywell Aerospace stock opened at $164.73. The company has a 1-year high of $297.50 and a market cap of $52.21 billion. Analysts forecast that Honeywell Aerospace will post EPS of 7.75 for the current fiscal year.
Several research analysts have issued reports on HONA shares, with Wells Fargo & Company setting a $195 price objective, Morgan Stanley upgrading shares from an 'equal weight' rating to an 'overweight' rating, and Royal Bank Of Canada lowering their price target from $300 to $250. Analysts believe these five stocks are better buys than Honeywell Aerospace.