Royal London Asset Management Buys New Stake in Honeywell Aerospace
Royal London Asset Management Ltd. acquired a new stake in Honeywell Aerospace (NASDAQ:HONA) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 140,649 shares of the company's stock, valued at approximately $31,095,000.
This is not an isolated incident; several other institutional investors and hedge funds have also bought new stakes in Honeywell Aerospace during the second quarter. BlackRock Inc., for example, acquired a new stake worth $5,253,341,000, while Wellington Management Group LLP purchased a new stake worth $1,705,882,000.
Honeywell Aerospace's stock price has fluctuated over the past year, with a 52-week low of $150.03 and a high of $297.50. The company's market capitalization stands at $51.46 billion, and its price-to-earnings ratio is 86.83.