Honeywell Technologies Debuts as Public Pure-Play Automation Company

Honeywell Technologies HON 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 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 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 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%.

Radical New Technology Could Hand Investors Huge Gains

Quantum Computing is the next technological revolution, and it could be even more advanced than AI.

While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.

Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.

Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

Source Zacks-com