Sanctuary Advisors Invests Heavily in Honeywell Aerospace
Sanctuary Advisors LLC recently made a significant investment in Honeywell Aerospace (NASDAQ:HONA), purchasing 72,897 shares of the company's stock worth approximately $16.32 million during the second quarter.
This is not the only notable investor in HONA; other institutional investors have also increased their positions in the company. BlackRock Inc. purchased a new position in Honeywell Aerospace during the 2nd quarter worth $5.25 billion, while Bank of New York Mellon Corp acquired a new stake in the company valued at about $644 million.
Wall Street analysts have forecasted growth for HONA, with Jefferies Financial Group setting a target price of $175 on shares of Honeywell Aerospace in a research report on August 9th. However, some analysts have expressed caution, with Royal Bank Of Canada cutting their target price from $300 to $250 and setting an 'outperform' rating on the stock.