Honeywell Aerospace Gains Institutional Support as Clifford Swan Invests

Clifford Swan Investment Counsel LLC has invested in Honeywell Aerospace (NASDAQ:HONA) after purchasing 25,758 shares of the company's stock in the second quarter. The investment was valued at approximately $5.7 million.

The purchase is not an isolated instance as several other institutional investors and hedge funds have also acquired stakes in Honeywell Aerospace during the same period. Grandfield & Dodd LLC purchased a new position worth around $759,000 while SCS Capital Management LLC acquired a stake valued at approximately $1.8 million.

UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC, also bought into Honeywell Aerospace during the second quarter with a stake valued at $377.9 million. Additionally, SFE Investment Counsel and MidFirst Bank acquired new positions worth around $3 million and $5.6 million respectively.

Honeywell Aerospace has been subject to several analyst reports in recent months. UBS Group lowered their price target from $231 to $213 while BNP Paribas Exane reduced their objective from $245 to $210, both rating the company 'neutral'. Wolfe Research initiated coverage with a 'hold' rating and a price target of $193.