Honeywell Aerospace Sees Surge in Institutional Investor Interest

Flputnam Investment Management Co., a hedge fund, acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) shares during the second quarter. According to its disclosure with the Securities and Exchange Commission (SEC), Flputnam purchased 20,864 shares of the company's stock valued at approximately $4,613,000.

This is not the only institutional investor that bought a new stake in Honeywell Aerospace this quarter. Trifecta Capital Advisors LLC, Kelleher Financial Advisors, One Wealth Advisors LLC, Bridgewater Advisors Inc., and Silverlake Wealth Management LLC all acquired new stakes in the company's shares during the same period.

Honeywell Aerospace reported $6,340,000.00 earnings per share for the quarter ended June 15th. Analysts expect the company to post $7.75 earnings per share for the current fiscal year. Several equities research analysts have issued reports on Honeywell Aerospace, with Jefferies Financial Group setting a target price of $175.00 and Wells Fargo & Company setting a target price of $195.00.

Wall Street Analysts Weigh In: The consensus rating for Honeywell Aerospace is 'Hold' with an average price target of $224.17.