Baird Lowers Honeywell International’s Rating: Insights Into Market Sentiment
Fintel reports that on October 25, 2024, Baird downgraded their outlook for Honeywell International (XTRA:ALD) from Outperform to Neutral.
Analyst Price Forecast Predicts 9.65% Growth
As of October 22, 2024, the average one-year price target for Honeywell International is 212,11 €/share. Predictions range from a low of 189,92 € to a high of 240,78 €. This average price target represents an increase of 9.65% from its latest reported closing price of 193,44 € / share.
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Annual Revenue and Earnings Projections
The projected annual revenue for Honeywell International is 39,047 million euros, reflecting a growth of 3.16%. Additionally, the anticipated annual non-GAAP EPS stands at 10.11.
Current Fund Sentiment
There are 3,573 funds or institutions reporting positions in Honeywell International. This marks an increase of 40 owners, or 1.13%, in the last quarter. The average portfolio weight for all funds dedicated to ALD is 0.45%, up by 0.93%. In the past three months, total shares owned by institutions have risen by 5.09%, totaling 578,926K shares.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 20,574K shares, representing 3.17% ownership of the company. In its previous filing, the firm reported owning 20,507K shares, which is an increase of 0.32%. Vanguard has raised its portfolio allocation in ALD by 1.50% this past quarter.
JPMorgan Chase owns 19,148K shares, equating to 2.95% ownership. Previously, the firm reported holding 16,520K shares, showing a growth of 13.73% and a 17.11% increase in its portfolio allocation in ALD over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares holds 16,713K shares, which corresponds to a 2.57% stake in Honeywell. Compared to the prior filing, which showed ownership of 16,614K shares, this is a slight increase of 0.59%. However, the firm reduced its portfolio allocation in ALD by 0.92% over the past quarter.
Wellington Management Group LLP owns 16,450K shares, representing 2.53% of the company. This is down from 17,581K shares in its previous filing, reflecting a decrease of 6.88% in their allocation in ALD over the last quarter.
Newport Trust holds 15,678K shares, translating to a 2.41% ownership of the company, with no change from the last quarter.
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This story originally appeared on Fintel.
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
