Oppenheimer Asset Management Buys Honeywell Aerospace Stock Worth Over $8 Million

Oppenheimer Asset Management Inc., a financial institution, has made a significant investment in Honeywell Aerospace by purchasing 39,847 shares of its stock during the second quarter. The total value of this purchase is approximately $8,809,000.

The institutional investors and hedge funds that bought new positions in Honeywell Aerospace include Hardy Reed LLC, Bryn Mawr Trust Advisors LLC, Mill Capital Management LLC, and Plan Group Financial LLC. These investments were made during the same quarter as Oppenheimer Asset Management's purchase.

Honeywell Aerospace has a market capitalization of $52.73 billion and a price-to-earnings ratio of 88.96. The company's stock opened at $166.36 on Friday, with a 12-month high of $297.50 and a low of $150.03.

The analysts' expectations for Honeywell Aerospace's earnings per share (EPS) for the current fiscal year are $7.75. Several research analysts have issued reports on the company, including Royal Bank Of Canada, BNP Paribas Exane, TD Cowen, Argus, and Wall Street Zen.

These analysts have set various price targets for Honeywell Aerospace, ranging from $210 to $275 per share. The consensus rating among analysts is 'Hold' with an average target price of $224.17.