Honeywell Aerospace Sees Significant Institutional Buying

Kimelman & Baird LLC has taken a significant position in Honeywell Aerospace (NASDAQ:HONA). The institutional investor purchased 64,069 shares of the company's stock during the second quarter, valued at approximately $14.16 million.

This is not an isolated instance, as several other hedge funds have also increased their stakes in Honeywell Aerospace over the past few months.

On Wall Street, research analysts are divided on the stock. Some, like BMO Capital Markets and Morgan Stanley, have raised their price targets for HONA, while others, such as Wolfe Research, maintain a 'hold' rating.