Honeywell has completed the spin-off of its Aerospace Technologies business, emerging as a separate public company on June 29 and repositioning itself as a premier pure-play automation company. The move marks the final step in a multi-year restructuring that separates Honeywell into three stand-alone publicly traded companies, aiming to sharpen its focus on industrial automation. Following the spin-off, Honeywell shares have edged down 1.2%, while the company projects 2026 revenues between $19.9 billion and $20.2 billion with organic growth of 2% to 3%. Analysts at Zacks Investment Research rate the stock a Hold, citing near-term headwinds including a 6% organic revenue decline in the Process Automation and Technology segment and rising costs, despite strong momentum in Building Automation and a forward P/E of 10.23 times, a discount to the industry average of 11.73 times.
Emerson Electric Company
Rockwell Automation IncHoneywell International IncSpin-off completed; shares down 1.2%, organic revenue decline in Process Automation, rising costs, and Hold rating