Key Highlights
- Honeywell maintained its 2026 revenue projection of $38.8B–$39.8B with earnings per share between $10.35–$10.65
- Aerospace unit separates June 29, beginning trades under ticker symbol “HONA”
- Remaining Honeywell Technologies forecasts 2026 revenue of $19.9B–$20.2B with EPS of $3.95–$4.15
- Shareholders receive one HONA share for each two HON shares owned
- HON shares declined 0.4% to $214.91 Monday, though up 10% in 2026
With just weeks remaining, Honeywell approaches a significant corporate transformation. The diversified industrial corporation announced Monday its aerospace unit separation remains scheduled for June 29, creating two independent publicly listed entities.
Honeywell International Inc., HON
Executives utilized Monday’s announcement to maintain their 2026 full-year projections. The company continues targeting revenue between $38.8 billion and $39.8 billion with adjusted earnings per share from $10.35 to $10.65, marking 6% to 9% annual expansion. Analyst consensus stood at $39.4 billion revenue and $10.52 EPS, indicating alignment with expectations.
HON shares traded at $214.91, sliding 0.4%, as the S&P 500 climbed 0.9% during the session. Year-to-date 2026 performance shows 10% gains, though the trailing twelve months reveal virtually no movement.
The aerospace operation will adopt ticker symbol “HONA” and projects approximately $19.3 billion in 2026 revenue with operating earnings near $4.9 billion. During last week’s investor presentation, aerospace division leadership outlined standalone operating profit projections of $4.7 billion to $4.8 billion, targeting over $6.5 billion by decade’s end.
Shareholders holding two Honeywell shares will acquire one HONA share. Trading on a when-issued basis should commence roughly one to two weeks ahead of the official June 29 separation.
The New Honeywell Technologies Configuration
The continuing entity, Honeywell Technologies, retains the “HON” ticker symbol. Management projects 2026 revenue of $19.9 billion to $20.2 billion with adjusted earnings per share between $3.95 and $4.15, anticipating 2% to 3% organic revenue expansion.
These projections exclude aerospace segment contributions and incorporate planned asset sales alongside the forthcoming Johnson Matthey Catalyst Technologies acquisition, anticipated to finalize in Q3. Earlier this year, Honeywell reduced that transaction price from $2.42 billion to $1.79 billion following underperformance in the catalyst division.
In April, the company disclosed selling its productivity solutions and services division to Brady for $1.4 billion, encompassing barcode scanning equipment, mobile computing devices and associated software platforms.
Future Strategic Direction Pending
Honeywell Technologies plans revealing comprehensive long-range financial objectives during Thursday’s dedicated investor presentation, offering additional clarity regarding the automation-centered organization’s independent trajectory.
Last fall witnessed Honeywell’s separation of its advanced materials segment as Solstice Advanced Materials. The aerospace division split accelerated this year following CEO Vimal Kapur’s comments about advancement in portfolio optimization efforts.
The June 29 completion timeline remains unchanged.
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