Ferguson Wellman Invests Heavily in Honeywell Aerospace

Ferguson Wellman Capital Management Inc., a financial institution, made a significant investment in Honeywell Aerospace (NASDAQ:HONA) during the second quarter. The company acquired 297,237 shares of Honeywell Aerospace's stock, valued at approximately $65.71 million.

This new stake makes Ferguson Wellman Capital Management Inc. one of the largest shareholders in Honeywell Aerospace, owning around 0.09% of the company's outstanding shares.

The investment is part of a larger trend of institutional investors increasing their holdings in Honeywell Aerospace. Other notable investors include Grandfield & Dodd LLC, SCS Capital Management LLC, and IMC Chicago LLC, all of which acquired new positions in the second quarter.