Honeywell Aerospace Sees New Investment Interest
Perigon Wealth Management LLC has recently acquired a new position in shares of Honeywell Aerospace (NASDAQ:HONA), according to its most recent 13F filing with the Securities & Exchange Commission.
The institutional investor bought 13,458 shares of the company's stock valued at approximately $2.975 million during the second quarter.
This is not an isolated instance, as several other hedge funds have also recently acquired new positions in Honeywell Aerospace shares, including Bell Investment Advisors Inc, Trifecta Capital Advisors LLC, Kelleher Financial Advisors, J.Safra Asset Management Corp, and One Wealth Advisors LLC.
Market analysts have issued various price targets for Honeywell Aerospace, with Wells Fargo & Company setting a target of $195.00, Morgan Stanley at $205.00, JPMorgan Chase & Co. assuming coverage with a neutral rating and a target price of $255.00, Zacks Research upgrading the stock to a 'hold' rating, and Jefferies Financial Group setting a target of $175.00.
Honeywell Aerospace has a current market cap of $51.21 billion and a P/E ratio of 86.40, with its shares trading at around $161.56 as of Tuesday's opening price.