Hedge Funds Flock to Honeywell Aerospace with Over $22 Million Invested

NewEdge Wealth LLC has bought a significant stake in Honeywell Aerospace (NASDAQ:HONA), according to the company's latest 13F filing. The fund purchased approximately $4,696,000 worth of shares, with 20,974 stocks acquired during the second quarter.

This is not an isolated incident, as other hedge funds have also been investing in Honeywell Aerospace. Grandfield & Dodd LLC, SCS Capital Management LLC, and SFE Investment Counsel all bought new stakes in the company during the same period, valued at around $759,000, $1,821,000, and $2,981,000 respectively.

MidFirst Bank also purchased a significant amount of shares worth approximately $5,608,000. Oppenheimer Asset Management Inc. bought a new position in Honeywell Aerospace during the second quarter valued at around $8,809,000.