Squarepoint Ops Invests Heavily in Honeywell Aerospace
Squarepoint Ops LLC has taken a significant stake in Honeywell Aerospace (NASDAQ:HONA) shares, acquiring 15,095 new shares worth approximately $3.34 million during the second quarter, according to the company's latest SEC disclosure.
This is not an isolated instance, as several other institutional investors have also bought new stakes in Honeywell Aerospace during the same period, including Ironvine Capital Partners LLC, California State Teachers Retirement System, SFE Investment Counsel, Werlinich Asset Management LLC, and MidFirst Bank. The total value of these investments ranges from $1.48 million to $24 billion.
Honeywell Aerospace's stock has seen a 2.9% increase in recent trading sessions, with shares opening at $158.26 on Friday. Analysts have mixed opinions about the company, with one analyst issuing a 'hold' rating and another recommending a 'buy', accompanied by a price target of $275.