What Happened
Hedge Fund Buys Stake in Aerospace Giant
Flputnam Investment Management Co. has acquired a new position in Honeywell Aerospace, purchasing 20,868 shares valued at approximately $4,672,000. This move follows similar investments by other hedge funds, including BlackRock Inc. and Wellington Management Group LLP. Honeywell Aerospace has a market cap of $51.46 billion and offers a range of products and services for the aerospace industry. The company’s stock has a 50-day moving average price of $195.14. This investment was reported by MarketBeat.