Johnson Financial Group Inc. Buys into Honeywell Aerospace
Johnson Financial Group Inc. recently acquired a new stake in Honeywell Aerospace (NASDAQ:HONA). The fund purchased 6,555 shares of the company's stock, valued at approximately $1,449,000.
This is not an isolated instance, as several other large investors have also modified their holdings of HONA during the second quarter. Hardy Reed LLC, Plan Group Financial LLC, Mill Capital Management LLC, Bryn Mawr Trust Advisors LLC, and Oppenheimer Asset Management Inc. all acquired new positions in Honeywell Aerospace during this time.
Equities research analysts have been following Honeywell Aerospace closely, with Vertical Research starting coverage on the company and setting a price objective of $243.00. JPMorgan Chase & Co. initiated coverage on shares of HONA, issuing a neutral rating and a target price of $255.00. Melius Research upgraded Honeywell Aerospace to a strong-buy rating.
The stock has a consensus rating of 'Hold' among analysts, with an average price target of $224.17. NASDAQ HONA opened at $170.76 on Thursday, with a market cap of $54.12 billion and a price-to-earnings ratio of 91.31.