Empowered Funds Take a Stance on Honeywell Aerospace with $9.5M Investment

Empowered Funds LLC has acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA), according to its most recent 13F filing with the SEC. The firm purchased 43,101 shares valued at approximately $9,528,000 during the second quarter.

This is not an isolated instance, as several other institutional investors and hedge funds have also bought into Honeywell Aerospace this quarter. Camarda Financial Advisors LLC acquired a new position worth $2,016,000, while Dearborn Partners LLC purchased a new stake in the company valued at around $655,000.

Honeywell Aerospace's stock price has been affected by analyst predictions. BNP Paribas Exane lowered their target price from $245.00 to $210.00 and set a 'neutral' rating for the company, while UBS Group also reduced their target price from $231.00 to $213.00 with the same rating.

The stock has a 1-year low of $150.03 and a 1-year high of $297.50, with a market cap of $51.46 billion and a price-to-earnings ratio of 86.83.