NS Partners Ltd Acquires New Stake in Honeywell Aerospace

Institutional investor NS Partners Ltd has acquired a new position in Honeywell Aerospace (NASDAQ:HONA) shares, according to its most recent filing with the Securities and Exchange Commission. The company acquired 40,892 shares of Honeywell Aerospace's stock, valued at approximately $10,469,000.

This is not an isolated instance; other institutional investors have also bought new stakes in Honeywell Aerospace in the second quarter. Meeder Asset Management Inc., for example, purchased a new position worth $29,000. Bell Investment Advisors Inc. and Strategic Wealth Advisors LLC each acquired positions valued at around $29,000.

Honeywell Aerospace's stock has been performing steadily, with a market cap of $50.11 billion and a price-to-earnings ratio of 84.55. The company's one-year high is $297.50, while its one-year low stands at $150.03. Wall Street analysts have forecasted that Honeywell Aerospace will post earnings per share of 7.75 for the current year.

MarketBeat has identified the five stocks that top analysts are quietly recommending to their clients; however, Honeywell Aerospace was not on the list. Analysts from various firms have weighed in on the company's stock, with some issuing a 'hold' rating and others giving it a 'buy' or 'outperform' rating.