Honeywell Aerospace Sees Increased Institutional Investment
Commerzbank Aktiengesellschaft FI has acquired a new stake in Honeywell Aerospace (NASDAQ:HONA). The institutional investor bought approximately $4.63 million worth of shares during the second quarter, according to its most recent SEC filing.
The company's purchase consists of 20,942 shares. This is not an isolated incident; several other hedge funds and institutional investors have also increased their stakes in Honeywell Aerospace during the same period.
Bank of New York Mellon Corp acquired a new stake valued at $644 million, while Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position worth around $205.7 million. Trust Co. of Vermont also acquired a new position in shares of Honeywell Aerospace in the second quarter worth approximately $20.4 million.
Honeywell Aerospace's stock price opened at $161.56 on Tuesday, with a market cap of over $51 billion and a price-to-earnings ratio of 86.40. The company has a 52-week high of $297.50 and a low of $150.03.