Honeywell International’s Market Outlook Takes a Hit

On October 28, 2024, Wolfe Research adjusted its rating for Honeywell International (SNSE:HON), changing it from Outperform to Peer Perform.

Institutional Investor Sentiment Shifts

A total of 3,572 funds and institutions hold positions in Honeywell International, marking an increase of 49 owners or 1.39% over the last quarter. The average portfolio weight for these funds dedicated to HON is 0.44%, up by 0.87%. Overall, institutional share ownership rose by 4.95% in the past three months, amounting to 578,701K shares.

Changes Among Key Shareholders

The Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) owns 20,574K shares of Honeywell, which represents 3.16% of the company’s stock. This marks a slight increase from 20,507K shares reported previously, reflecting a growth of 0.32% in its portfolio allocation for HON over the last quarter.

JPMorgan Chase has seen a more significant increase, now holding 19,148K shares (2.94% ownership), up from 16,520K shares, which indicates a jump of 13.73%. Their portfolio allocation in Honeywell increased by 17.11% in the last three months.

The Vanguard 500 Index Fund Investor Shares (VFINX) holds 16,713K shares, accounting for 2.57% ownership, slightly up from 16,614K shares, but they reduced their portfolio allocation in HON by 0.92% this quarter.

Wellington Management Group LLP reported a decrease in its shareholding from 17,581K to 16,450K shares, representing a decline of 6.88%. Their portfolio allocation in Honeywell dropped by 1.91% recently.

Meanwhile, Newport Trust maintains its ownership of 15,678K shares, or 2.41% of the company, with no changes from the last quarter.

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