Rakuten Invests Big in Honeywell Aerospace Amid Analyst Consensus
Rakuten Investment Management Inc., an institutional investor, recently acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) during the second quarter. According to their latest disclosure with the Securities and Exchange Commission, they purchased 76,392 shares of the company's stock, valued at approximately $16,821,000.
This is not an isolated case; several other hedge funds and institutional investors have also bought into Honeywell Aerospace in recent times. Meeder Asset Management Inc., Bell Investment Advisors Inc., Strategic Wealth Advisors LLC, Mowery & Schoenfeld Wealth Management LLC, and Gables Capital Management Inc. all purchased new stakes in the company during the second quarter.
The analysts' consensus on Honeywell Aerospace is a Hold rating with an average price target of $224.17. Among them, TD Cowen started coverage on the company with a 'Hold' rating and a price target of $250.00, while Wells Fargo & Company set a price target of $195.00.