What Happened
Institutional Investors Acquire New Positions in Aerospace Leader
Oversea Chinese Banking Corp Ltd has acquired a new position in Honeywell Aerospace, purchasing 6,500 shares valued at approximately $1,437,000. Other institutional investors, including BlackRock Inc. and Mitsubishi UFJ Asset Management Co. Ltd., have also added to their stakes in the company. Honeywell Aerospace reported quarterly earnings of $6,340,000 and has a market cap of $52.21 billion. The company’s stock has been the subject of recent analyst reports, with a consensus target price of $224.17. This news was first reported by MarketBeat.