Flputnam Invests Heavily in Honeywell Aerospace Amid Mixed Analyst Ratings

Flputnam Investment Management Co., an institutional investor, has added Honeywell Aerospace to its portfolio. In the second quarter, Flputnam bought 20,868 shares of HONA stock for approximately $4.672 million.

This is not the only new investment in HONA. Several other institutional investors have also acquired stakes in the company during the second quarter, including Trifecta Capital Advisors LLC, Kelleher Financial Advisors, One Wealth Advisors LLC, Bridgewater Advisors Inc., and Silverlake Wealth Management LLC.

Honeywell Aerospace's stock opened at $166.36 on Monday, with a market capitalization of $52.73 billion and a PE ratio of 88.96. The company's quarterly earnings per share came in at $6,340,000.00 on revenue of $4.35 billion.

Analysts have issued mixed ratings for HONA stock, with one analyst upgrading the rating to 'strong-buy', while others maintained a 'hold' or 'neutral' rating. The average target price is $224.17.