Nebraska Trust Co and Others Bet Big on Honeywell Aerospace in Q2
A recent filing with the Securities & Exchange Commission revealed that First Nebraska Trust Co has acquired shares of Honeywell Aerospace (NASDAQ:HONA) in its second-quarter portfolio. The fund purchased 16,236 shares of the company's stock, valued at approximately $3,635,000.
This is not an isolated instance; several other institutional investors and hedge funds have also shown interest in Honeywell Aerospace during the same quarter. For example, BlackRock Inc. bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $5,253,341,000.
Honeywell Aerospace has been the subject of analyst reports and upgrades this year. In July, Argus assumed coverage on Honeywell Aerospace, issuing a 'buy' rating and setting a price target of $275.00. Additionally, Morgan Stanley raised its rating for Honeywell Aerospace from an 'equal weight' to an 'overweight', with a price objective of $205.00.