Palmer Knight Co Takes $4.92 Million Stake in Honeywell Aerospace

Palmer Knight Co acquired a new position in Honeywell Aerospace (NASDAQ:HONA) shares during the second quarter, according to its most recent SEC disclosure. The fund purchased 21,996 shares of the company's stock, valued at approximately $4.925 million.

The acquisition comprises about 1.9% of Palmer Knight Co's investment portfolio, making it the company's 27th largest position in their holdings. Other institutional investors and hedge funds have also recently modified their stakes in Honeywell Aerospace.

Several analysts have weighed in on HONA shares, with UBS Group lowering their price objective from $231 to $213 and setting a 'neutral' rating. Morgan Stanley raised the stock from an 'equal weight' rating to an 'overweight' rating, while Wells Fargo & Company set a target price of $195.

On average, analysts expect Honeywell Aerospace to post EPS of 7.75 for the current year. The company's market capitalization stands at $54.12 billion, and its PE ratio is 91.31.