Honeywell Aerospace Sees Hefty Institutional Investment in Q2
Honeywell Aerospace (NASDAQ:HONA) has seen significant institutional investment in recent quarters. Werlinich Asset Management LLC acquired a new position in the company's stock, purchasing 6,686 shares valued at approximately $1,712,000 in the second quarter.
This is not an isolated case; several other hedge funds and institutional investors have also made changes to their positions in HONA during the same period. BlackRock Inc., for instance, acquired a new stake worth around $5,253,341,000, while Wellington Management Group LLP purchased a new position valued at approximately $1,705,882,000.
These investments are not without notice from analysts; Vertical Research has set a 'hold' rating on the stock with a target price of $243.00, while Royal Bank Of Canada lowered their price objective to $250.00 with an 'outperform' rating.