Hedge Funds Pile into Honeywell Aerospace

Madison Asset Management LLC acquired a new position in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The company bought 224,998 shares of Honeywell Aerospace's stock, valued at approximately $49,743,000.

This is not an isolated instance; several other hedge funds have also added to or reduced their stakes in HONA during the same period. Hardy Reed LLC acquired a new stake in Honeywell Aerospace worth approximately $1,151,000, while Plan Group Financial LLC and Mill Capital Management LLC each bought new positions valued at $270,000 and $419,000 respectively.

Bryn Mawr Trust Advisors LLC also purchased a new position in Honeywell Aerospace during the second quarter, worth $1,301,000. Oppenheimer Asset Management Inc. acquired a new position in Honeywell Aerospace worth $8,809,000.