Primecap Management Co. CA Invests $54.65 Million in Honeywell Aerospace
Primecap Management Co. CA made a significant investment in Honeywell Aerospace (NASDAQ:HONA) by purchasing 244,100 shares of the company's stock during the second quarter.
The investment was valued at approximately $54,654,000 and represents about 0.08% of Honeywell Aerospace's outstanding shares.
This is not the only institutional investor to have added to their stakes in Honeywell Aerospace recently; BlackRock Inc., Bank of New York Mellon Corp, Legal & General Group Plc, Mitsubishi UFJ Asset Management Co. Ltd, and Canada Pension Plan Investment Board also acquired new stakes in the company during the same quarter.
Honeywell Aerospace's latest earnings report showed a revenue of $4.35 billion for the quarter, with analysts predicting 7.75 earnings per share for the current fiscal year.