UBS AM Acquires Over 1.6M Shares of Honeywell Aerospace

UBS AM, a distinct business unit of UBS Asset Management Americas LLC, acquired 1,687,829 shares of Honeywell Aerospace (NASDAQ:HONA) in its most recent Form 13F filing with the Securities & Exchange Commission.

The stock purchase was valued at approximately $377.9 million, and it gives UBS AM a 0.53% stake in Honeywell Aerospace.

Several other institutional investors have also recently bought shares of the company, including BlackRock Inc., which purchased a new stake worth over $5.25 billion during the second quarter.

Honeywell Aerospace's current market cap is $51.46 billion, and its 1-year high was $297.50. The company has a PE ratio of 86.83.