NewEdge Wealth Invests $4.66 Million in Honeywell Aerospace

NewEdge Wealth LLC has invested $4.66 million in Honeywell Aerospace (NASDAQ:HONA). The investment was made through the purchase of 21,077 shares of the company's stock.

The second-quarter filing with the SEC reveals that other hedge funds and institutional investors have also recently adjusted their positions in Honeywell Aerospace.

Despite the investment, analysts remain cautious about the stock. BMO Capital Markets decreased its price target from $276 to $209 and maintained an 'outperform' rating. Wolfe Research assumed coverage with a 'hold' rating, while TD Cowen initiated coverage with a 'hold' rating and a $250 price objective.

According to MarketBeat, Honeywell Aerospace has a consensus rating of 'Hold' and a consensus price target of $224.17.