Key Takeaways:
Honeywell reaffirmed its 2026 sales forecast of $38.8 billion to $39.8 billion on Monday, weeks before its aerospace spinoff on June 29.
The company expects adjusted earnings per share of $10.35 to $10.65, representing growth of 6 percent to 9 percent year over year. Wall Street consensus stood at $39.4 billion in revenue and $10.52 per share, according to FactSet.
After the separation, Honeywell Technologies — the automation-focused entity retaining the HON ticker — projects 2026 sales of $19.9 billion to $20.2 billion and adjusted EPS of $3.95 to $4.15. Honeywell Aerospace, which will trade under HONA, expects about $19.3 billion in revenue and operating profit of roughly $4.9 billion. At an investor event last week, aerospace management guided to standalone operating profit of $4.7 billion to $4.8 billion, with a target to exceed $6.5 billion by 2030.
Shareholders of record as of June 15 will receive one HONA share for every two Honeywell shares held. When-issued trading under the symbol HONAV is expected to begin around June 15, with regular-way HONA trading starting on the spinoff date. Honeywell also plans a one-for-two reverse stock split upon completion, reducing outstanding shares to roughly 317 million from about 634 million.
The spinoff completes a three-way breakup of the conglomerate. Honeywell's advanced materials unit was separated as Solstice Advanced Materials in October 2025. The automation business, Honeywell Technologies, will outline its long-term financial targets at an investor event on Thursday.
Honeywell shares fell 1 percent to $211.80 on Monday, while the S&P 500 gained 0.3 percent. The stock is up 10 percent year to date but down 1 percent over the past 12 months.
The separation allows each entity to be valued independently, potentially unlocking a sum-of-parts premium that has been absent while Honeywell traded as a conglomerate. Investors will watch Honeywell Technologies' investor day on Thursday for standalone margin targets and capital allocation plans.
This article is for informational purposes only and does not constitute investment advice.
