Baird Downgrades Honeywell International: What Investors Need to Know
On October 25, 2024, Baird revised its outlook for Honeywell International (SNSE:HONCL) from Outperform to Neutral.
Fund Ownership Trends for Honeywell International
Currently, 3,573 funds or institutions hold positions in Honeywell International. This reflects an increase of 40 funds, or 1.13%, in the last quarter. The average portfolio weight for all funds dedicated to HONCL is 0.45%, which is an increase of 0.91%. Over the past three months, total shares owned by institutions rose by 1.61%, totaling 579,241K shares.
Vanguard Total Stock Market Index Fund (VTSMX) owns 20,574K shares, giving it 3.17% ownership of the company. This marks a slight increase from its previous holding of 20,507K shares, representing an increase of 0.32%. The fund also raised its portfolio allocation in HONCL by 1.50% over the last quarter.
J.P. Morgan Chase holds 19,148K shares, accounting for 2.95% ownership. This is a significant rise from its earlier 16,520K shares, reflecting an increase of 13.73%. J.P. Morgan Chase expanded its portfolio allocation in HONCL by 17.11% in the last quarter.
Vanguard 500 Index Fund (VFINX) now holds 16,713K shares, representing 2.57% ownership. This is a minor increase from its prior filing of 16,614K shares, which amounts to an increase of 0.59%. However, the fund decreased its portfolio allocation in HONCL by 0.92% during the last quarter.
Wellington Management Group LLP possesses 16,450K shares, giving it a 2.53% ownership stake. This is a decline from its previous 17,581K shares, a decrease of 6.88%. The firm has reduced its portfolio allocation in HONCL by 1.91% in the last quarter.
Newport Trust holds 15,678K shares, representing 2.41% ownership, with no changes reported in the last quarter.
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