Kimelman & Baird LLC Invests $14.55M in Honeywell Aerospace

Kimelman & Baird LLC has made a new investment in Honeywell Aerospace (NASDAQ:HONA), purchasing 64,973 shares of the company's stock valued at approximately $14.55 million.

This is not the only recent acquisition by large investors; Bell Investment Advisors Inc and Meeder Asset Management Inc have also bought new positions in Honeywell Aerospace during the second quarter, each worth around $29,000.

Honeywell Aerospace's stock price has fluctuated over the past year, with a 12-month low of $150.03 and a high of $297.50. The company's market capitalization is approximately $51.46 billion, and its P/E ratio stands at 86.83.

The research analysts have varying opinions on Honeywell Aerospace; Morgan Stanley upgraded the stock to an 'overweight' rating with a price target of $205.00, while Jefferies Financial Group set a lower target of $175.00.