SFE Investment Counsel Bets Big on Honeywell Aerospace

SFE Investment Counsel has acquired a significant stake in Honeywell Aerospace (NASDAQ:HONA), purchasing approximately $2.98 million worth of shares in the second quarter. This investment is part of a broader trend, as several other institutional investors and hedge funds have also made changes to their positions in the company.

According to the 13F filing with the Securities and Exchange Commission (SEC), SFE Investment Counsel purchased 13,482 shares of Honeywell Aerospace's stock. Other notable buyers include Oppenheimer Asset Management Inc., BIP Wealth LLC, Bryn Mawr Trust Advisors LLC, Hardy Reed LLC, and Everett Harris & Co. CA.

Honeywell Aerospace has a market cap of $52.73 billion and a price-to-earnings ratio of 88.96. The company's stock has been trading at a relatively high level, with a fifty-two week low of $150.03 and a fifty-two week high of $297.50.

Analysts have been issuing mixed ratings for Honeywell Aerospace, with one investment analyst giving the stock a Strong Buy rating, four analysts giving it a Buy rating, and ten analysts issuing a Hold rating. The consensus rating is currently at a Hold, with an average price target of $224.17.