Honeywell Aerospace Attracts New Investor with $3 Million Stake
Elevation Point Wealth Partners LLC made a new investment in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased approximately $3,041,000 worth of shares, specifically buying 13,754 shares.
This is not the only significant investment in Honeywell Aerospace recently; other institutional investors have also made new positions in the company during the second quarter. BlackRock Inc., for example, purchased a new stake worth about $5,253,341,000, while Bank of New York Mellon Corp acquired a new position valued at around $644,412,000.
Honeywell Aerospace's stock price has been trading down 0.7% on Friday, opening at $164.73. The company has a market cap of $52.21 billion and a P/E ratio of 88.09. Analysts have set various price targets for the company, with Evercore setting a target of $210.00 and Royal Bank Of Canada reducing their price objective from $300.00 to $250.00.