Honeywell’s Stock Outlook Shifted as Baird Downgrades to Neutral
On October 25, 2024, Baird revised its outlook for Honeywell International (SNSE:HON), lowering it from Outperform to Neutral.
Fund Sentiment on Honeywell International
A total of 3,573 funds or institutions disclose their positions in Honeywell International. This number is up by 40 holders, marking a 1.13% increase in the last quarter. The average portfolio weight of all funds in HON sits at 0.45%, having risen by 0.91%. In the past three months, institutions increased their total shares owned by 5.17%, now totaling 579,373K shares.
The Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) has 20,574K shares in Honeywell, translating to 3.17% ownership. Previously, the firm held 20,507K shares, representing an increase of 0.32%. The portfolio allocation in HON rose by 1.50% over the last quarter.
JPMorgan Chase owns 19,148K shares, or 2.95% of the company. This is an increase from 16,520K shares reported earlier, a notable increase of 13.73%. Their stake in HON grew by 17.11% last quarter.
The Vanguard 500 Index Fund Investor Shares (VFINX) holds 16,713K shares, equating to 2.57% ownership. This is a slight increase from the prior amount of 16,614K shares, up by 0.59%. However, the firm decreased its portfolio allocation in HON by 0.92% over the last quarter.
Wellington Management Group LLP holds 16,450K shares, amounting to 2.53% ownership. Previously, they reported 17,581K shares, reflecting a decrease of 6.88%. Their allocation in HON fell by 1.91% last quarter.
Newport Trust maintains 15,678K shares, representing 2.41% ownership, with no change in the last quarter.
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