Honeywell Aerospace Sees Significant Institutional Buying Interest
Honeywell Aerospace's stock saw significant buying interest from institutional investors in the second quarter. SCS Capital Management LLC, acquired 8,134 shares of Honeywell Aerospace (NASDAQ:HONA) valued at approximately $1,821,000.
Other major investors like Oppenheimer Asset Management Inc., BIP Wealth LLC, CORDA Investment Management LLC, and Focus Partners Advisor Solutions LLC also bought new stakes in the company during the same quarter. The total value of their purchases ranged from $713,000 to over $11 million.
The analysts' consensus rating for Honeywell Aerospace is 'Hold', with a target price of $224.17. While some analysts have upgraded the stock's rating, others maintain their previous ratings. For example, Zacks Research and Argus have given the company 'hold' and 'buy' ratings respectively.
Honeywell Aerospace (NASDAQ:HONA) has experienced significant fluctuations in its stock price over the past year, ranging from a low of $150.03 to a high of $297.50. As of Monday, the stock opened at $166.36.