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Honeywell Technologies Debuts as Public Pure-Play Automation Company
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Key Takeaways
Honeywell Technologies completed the Aerospace spin-off, creating an independent public company.
HON shareholders received one Honeywell Aerospace share for every two shares held.
Honeywell Technologies now focuses on industrial automation and software services.
Honeywell Technologies (HON - Free Report) recently emerged as a separate public company, following the spin-off of Aerospace Technologies business from Honeywell International. The Aerospace Technologies business now operates as an independent public company under the name Honeywell Aerospace. Honeywell Technologies continues to trade on the Nasdaq under the ticker symbol "HON," while Honeywell Aerospace has started trading separately under the ticker symbol "HONA."
Inside the Headlines
The separation became effective on June 29, 2026. Under the transaction terms, Honeywell Technologies’ shareholders of record as of June 15, 2026, received one share of Honeywell Aerospace for every two shares of Honeywell Technologies common stock they held.
As a result, every two outstanding shares were combined into one, reducing the company's outstanding shares from about 634 million to approximately 317 million. At the same time, the number of authorized shares was reduced from 2 billion to 1 billion, while the stock's par value remained unchanged. Outstanding equity awards and share units under HON’s benefit plans were adjusted accordingly.
The spin-off marks the completion of Honeywell's portfolio transformation, creating three independent companies, including Honeywell Technologies, Honeywell Aerospace and Solstice Advanced Materials.
As a standalone company, Honeywell Technologies is focused on industrial automation. It provides automation solutions, software and services for the building, process and industrial sectors, helping customers improve safety, productivity, efficiency and operational performance.
HON’s Zacks Rank
Solid demand for its products and solutions, led by increasing building projects, particularly in North America, will likely be beneficial for HON’s Building Automation segment. Increasing order rates and capex investments in data centers and health care projects bode well for it.
However, the company has been dealing with increasing operating costs, which might hurt its margins and profitability.
Stocks to Consider
Better-ranked companies are discussed below.
GPGI, Inc. (GPGI - Free Report) currently sports a Zacks Rank of 1. GPGI delivered a trailing four-quarter average earnings surprise of 28.3%.
In the past 60 days, the Zacks Consensus Estimate for GPGI’s 2026 earnings has increased 28.6%.
3M Company (MMM - Free Report) presently carries a Zacks Rank #2 (Buy). It has a trailing four-quarter average earnings surprise of 4.6%.
The Zacks Consensus Estimate for MMM’s 2026 earnings has increased a penny in the past 60 days.
Public Policy Holding Company, Inc. (PPHC - Free Report) presently carries a Zacks Rank of 2. PPHC delivered a trailing two-quarter average earnings surprise of 25%.
In the past 60 days, the consensus estimate for Public Policy Holding’s 2026 earnings has increased 95.5%.
View the Zacks #1 Rank List
Image: Bigstock
Honeywell Technologies Debuts as Public Pure-Play Automation Company
Key Takeaways
Honeywell Technologies (HON - Free Report) recently emerged as a separate public company, following the spin-off of Aerospace Technologies business from Honeywell International. The Aerospace Technologies business now operates as an independent public company under the name Honeywell Aerospace. Honeywell Technologies continues to trade on the Nasdaq under the ticker symbol "HON," while Honeywell Aerospace has started trading separately under the ticker symbol "HONA."
Inside the Headlines
The separation became effective on June 29, 2026. Under the transaction terms, Honeywell Technologies’ shareholders of record as of June 15, 2026, received one share of Honeywell Aerospace for every two shares of Honeywell Technologies common stock they held.
As a result, every two outstanding shares were combined into one, reducing the company's outstanding shares from about 634 million to approximately 317 million. At the same time, the number of authorized shares was reduced from 2 billion to 1 billion, while the stock's par value remained unchanged. Outstanding equity awards and share units under HON’s benefit plans were adjusted accordingly.
The spin-off marks the completion of Honeywell's portfolio transformation, creating three independent companies, including Honeywell Technologies, Honeywell Aerospace and Solstice Advanced Materials.
As a standalone company, Honeywell Technologies is focused on industrial automation. It provides automation solutions, software and services for the building, process and industrial sectors, helping customers improve safety, productivity, efficiency and operational performance.
HON’s Zacks Rank
Solid demand for its products and solutions, led by increasing building projects, particularly in North America, will likely be beneficial for HON’s Building Automation segment. Increasing order rates and capex investments in data centers and health care projects bode well for it.
The company carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Honeywell Technologies Price and Consensus
Honeywell Technologies price-consensus-chart | Honeywell Technologies Quote
However, the company has been dealing with increasing operating costs, which might hurt its margins and profitability.
Stocks to Consider
Better-ranked companies are discussed below.
GPGI, Inc. (GPGI - Free Report) currently sports a Zacks Rank of 1. GPGI delivered a trailing four-quarter average earnings surprise of 28.3%.
In the past 60 days, the Zacks Consensus Estimate for GPGI’s 2026 earnings has increased 28.6%.
3M Company (MMM - Free Report) presently carries a Zacks Rank #2 (Buy). It has a trailing four-quarter average earnings surprise of 4.6%.
The Zacks Consensus Estimate for MMM’s 2026 earnings has increased a penny in the past 60 days.
Public Policy Holding Company, Inc. (PPHC - Free Report) presently carries a Zacks Rank of 2. PPHC delivered a trailing two-quarter average earnings surprise of 25%.
In the past 60 days, the consensus estimate for Public Policy Holding’s 2026 earnings has increased 95.5%.