Hightower Advisors Invests $44.5M in Honeywell Aerospace
HighTower Advisors LLC recently acquired a new stake in Honeywell Aerospace (NASDAQ:HONA), according to its latest disclosure with the Securities and Exchange Commission. The firm purchased 201,482 shares of the company's stock, valued at approximately $44.54 million.
This investment represents about 0.06% of Honeywell Aerospace's outstanding shares. HighTower Advisors LLC is not the only institution that has increased its stake in the company recently. Several other investors have also added to their holdings, including Hardy Reed LLC, Plan Group Financial LLC, Mill Capital Management LLC, Bryn Mawr Trust Advisors LLC, and Oppenheimer Asset Management Inc.
Honeywell Aerospace's stock price opened at $161.01 on Tuesday, with a 50-day moving average of $190.46. The company has a market capitalization of $51.03 billion and a price-to-earnings ratio of 86.10.