Rockland Trust Co. Acquires $19.98 Million Stake in Honeywell Aerospace

Rockland Trust Co. has acquired a new position in Honeywell Aerospace (NASDAQ: HONA), purchasing 128,918 shares valued at approximately $19.98 million during the third quarter, as disclosed in its latest Form 13F filing with the SEC.

The investment comes as several other institutional investors have also adjusted their holdings in Honeywell Aerospace. Notable purchases include BlackRock Inc.'s $5.25 billion position, State Street Corp's $2.95 billion stake, and significant investments from Wellington Management Group LLP, Bank of America Corp DE, and Bank of New York Mellon Corp during the second quarter.

Honeywell Aerospace's stock has seen a slight uptick, rising 0.8% to $155.85 during recent trading. The company's market capitalization stands at $49.40 billion, with a PE ratio of 83.38. Analysts have mixed opinions on the stock, with a consensus rating of "Hold" and a target price of $219.29.

The company reported quarterly earnings of $6.34 million and revenue of $4.35 billion on June 15th. Analysts predict Honeywell Aerospace will post $7.75 EPS for the current fiscal year. The stock has a 12-month low of $149.19 and a high of $297.50.