Bank of America Downgrades Outlook for Honeywell International
Fintel reports that on October 24, 2024, B of A Securities downgraded their outlook for Honeywell International (WBAG:HON) from Buy to Neutral.
Current Fund Sentiment Towards Honeywell
There are currently 3,576 funds or institutions holding positions in Honeywell International, marking an increase of 45 owners or 1.27% from the previous quarter. The average portfolio weight of all funds invested in HON is 0.45%, up by 1.03%. Additionally, total shares owned by institutions have risen by 5.10% in the last three months, totaling 579,383K shares.
Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) holds 20,574K shares, accounting for 3.17% of the company. This is an increase from their prior holding of 20,507K shares, reflecting a growth of 0.32%. They have raised their portfolio allocation in HON by 1.50% over the last quarter.
JPMorgan Chase has increased its stake to 19,148K shares, which is 2.95% ownership, up from 16,520K shares, showing a significant increase of 13.73%. Their portfolio allocation in HON grew by 17.11% in the past three months.
The Vanguard 500 Index Fund Investor Shares (VFINX) now holds 16,713K shares, representing 2.57% ownership, slightly up from 16,614K shares, an increase of 0.59%. However, they decreased their portfolio allocation in HON by 0.92% over the past quarter.
Wellington Management Group LLP has reduced its holdings to 16,450K shares, which represents 2.53% ownership, down from 17,581K shares, indicating a decrease of 6.88%. Their portfolio allocation in HON was lowered by 1.91% over the previous quarter.
Finally, Newport Trust holds 15,678K shares, equating to 2.41% ownership of the company, and has made no changes in the last quarter.
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This story originally appeared on Fintel.
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