After this morning's 4.3% surge to $234.91 per share, Honeywell International might just keep moving past its target price of $224.73. With an average analyst rating of buy, and target prices from $208.12 to $245.0, the stock's next move is anyone's guess.
The stock has a very low short interest at 1.2%, and a short ratio of 2.94. At 0.09%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that a significant number of institutional investors are invested in the stock, with 80.8% of Honeywell International's shares being owned by this investor type.
Institutions Invested in Honeywell International
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 9% | 60,876,514 | $14,300,502,126 |
| 2024-06-30 | Blackrock Inc. | 6% | 40,926,717 | $9,614,095,240 |
| 2024-06-30 | State Street Corporation | 4% | 30,934,785 | $7,266,890,457 |
| 2024-09-30 | JP Morgan Chase & Company | 3% | 22,029,394 | $5,174,925,025 |
| 2024-06-30 | Morgan Stanley | 3% | 18,706,728 | $4,394,397,542 |
| 2024-06-30 | Wellington Management Group, LLP | 2% | 16,450,221 | $3,864,321,475 |
| 2024-06-30 | Newport Trust Company, LLC | 2% | 15,677,997 | $3,682,918,332 |
| 2024-06-30 | Bank of America Corporation | 2% | 14,132,737 | $3,319,921,300 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 13,812,732 | $3,244,748,924 |
| 2024-06-30 | Massachusetts Financial Services Co. | 2% | 12,843,986 | $3,017,180,798 |
Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on Honeywell International.
