What Happened
Hedge Fund Invests $2.9 Million in Aerospace Giant
Elevation Point Wealth Partners LLC has acquired a new position in Honeywell Aerospace, valued at approximately $2,951,000. The investment is part of a larger trend of hedge funds making changes to their positions in the company. Honeywell Aerospace has a market capitalization of $52.21 billion and a P/E ratio of 88.09. The company manufactures and supplies aircraft components, avionics, engines, and systems for various markets. This news was first reported by MarketBeat.