Key Takeaways
- Honeywell maintained its 2026 financial projections: $38.8B–$39.8B in revenue and earnings per share of $10.35–$10.65
- The aerospace unit separates on June 29 and will trade under ticker “HONA”
- Honeywell Technologies, remaining after the split, projects $19.9B–$20.2B in 2026 revenue with EPS of $3.95–$4.15
- Shareholders receive one HONA share for each two HON shares owned
- HON stock declined 0.4% to $214.91 on Monday, though it has gained 10% year-to-date
Honeywell is approaching one of the most significant corporate separations in recent years. The industrial conglomerate announced Monday that it remains on schedule to separate its aerospace operations on June 29, creating two independent publicly traded entities.
Honeywell International Inc., HON
Executives used Monday’s announcement to confirm full-year 2026 financial targets. The company continues to anticipate revenue between $38.8 billion and $39.8 billion, with adjusted earnings per share ranging from $10.35 to $10.65, marking year-over-year expansion of 6% to 9%. Analysts on Wall Street had forecast $39.4 billion in revenue and $10.52 in EPS, indicating the guidance aligned with expectations.
HON stock stood at $214.91, slipping 0.4%, as the S&P 500 climbed 0.9% during the same trading session. Shares have appreciated 10% during 2026 thus far but have remained essentially unchanged over the trailing twelve months.
The aerospace division will begin trading with ticker symbol “HONA” and is projected to generate approximately $19.3 billion in 2026 revenue with operating earnings near $4.9 billion. During last week’s investor presentation, Honeywell Aerospace leadership provided standalone operating profit guidance of $4.7 billion to $4.8 billion, targeting over $6.5 billion by 2030.
Shareholders will receive one HONA share for every two Honeywell shares they hold. The separated stock is anticipated to commence when-issued trading approximately one to two weeks prior to the official June 29 separation date.
Honeywell Technologies’ Profile Following the Separation
The continuing entity, Honeywell Technologies, will retain the “HON” ticker symbol. Management provided 2026 revenue guidance of $19.9 billion to $20.2 billion with adjusted earnings per share of $3.95 to $4.15, anticipating organic revenue growth of 2% to 3%.
These projections exclude aerospace segment results and incorporate planned asset sales plus the forthcoming Johnson Matthey Catalyst Technologies acquisition, scheduled to finalize in Q3. Honeywell reduced that transaction’s purchase price from $2.42 billion to $1.79 billion earlier this year following underperformance of the catalyst operation.
In April, Honeywell revealed the $1.4 billion divestiture of its productivity solutions and services operation to Brady, encompassing barcode scanning equipment, mobile computing devices and associated software platforms.
Future Financial Roadmap Pending
Honeywell Technologies will present its extended-term financial objectives during a dedicated investor presentation on Thursday, providing additional clarity on the automation-centered company’s standalone trajectory.
Last fall, Honeywell had already separated its advanced materials division as Solstice Advanced Materials. The aerospace separation was expedited earlier this year following CEO Vimal Kapur’s commentary regarding advancement in the company’s portfolio transformation.
The June 29 completion timeline remains unchanged.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
