Man Group Plc Acquires New Stake in Honeywell Aerospace
Man Group plc acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 27,713 shares of the company's stock, valued at approximately $6.1 million.
The news comes as other hedge funds and institutional investors also made changes to their positions in Honeywell Aerospace during the second quarter. BlackRock Inc., for example, acquired a new stake in shares of Honeywell Aerospace valued at approximately $5.3 billion. Bank of New York Mellon Corp and Legal & General Group Plc also bought new stakes in the company.
Wall Street analysts have issued mixed ratings on Honeywell Aerospace, with some setting price targets above $275 per share. However, others have set lower targets, including a recent reduction by BNP Paribas Exane to $210 per share.