Equitable Holdings Takes Stake in Honeywell Aerospace

Equitable Holdings Inc. has acquired a new stake in Honeywell Aerospace, purchasing 32,126 shares of the company's stock valued at approximately $7,102,000 during the second quarter.

This is not an isolated instance, as several other large investors have also recently added to or reduced their stakes in HONA. Bell Investment Advisors Inc acquired a new position in Honeywell Aerospace in the 2nd quarter valued at $29,000, while Meeder Asset Management Inc. purchased a new stake in the company in the same quarter valued at about $29,000.

The company's stock opened at $160.75 on Friday, with a market cap of $50.95 billion and a price-to-earnings ratio of 85.96. Analysts have predicted that Honeywell Aerospace will post earnings per share of 7.75 for the current fiscal year.