Honeywell International IncNasdaq: HON
Industrials · Industrial Conglomerates
$212.56
-0.83%
Vol: 1.5M
Research Digest
Friday, May 1, 2026
Honeywell International confirmed June 29, 2026 aerospace spin-off date and raised annualized dividend by 17.86% to $4.76/share
HON announced firm June 29, 2026 separation date for Honeywell Aerospace (becoming a standalone pure-play aerospace/defense company) and declared quarterly dividend of $1.19 per share. The board approved a 17.86% increase in annualized dividend to $4.76/share. Q1 2026 showed 11% adjusted earnings growth and 2% organic sales growth, but management warned of softer Q2 due to Middle East geopolitical tensions disrupting supply chains. The company transferred aircraft power systems licensing to Innovative Aerosystems. Despite positive dividend signals and structural catalysts, stock declined 7.7% over 7 days and 5.0% over 30 days amid macro concerns.
Previous Market Intelligence
13 daysApr 30Honeywell reports Q1 earnings of $8.88-$9.18 EPS guidance with Aerospace spin-off set for June 29Mixed▶
Honeywell delivered Q1 2026 results with $9.1B in sales and 7% order growth, raising full-year guidance to $38.8-$39.8B. The aerospace spin-off scheduled for June 29, 2026 positions the company to unlock value as a pure-play defense contractor. A $10B stock buyback and new $500M defense partnership commitment strengthen shareholder returns. However, geopolitical tensions in the Middle East are expected to create headwinds in Q2, with management cautioning on softer demand. The strategic separation and capital return plan present significant upside but execution risks remain.
Apr 29Honeywell reports Q1 2026 earnings beat with 11% adjusted EPS growth, announces aerospace spin-off on June 29, 2026Positive▶
Honeywell delivered strong Q1 results with 11% adjusted earnings growth and 2% organic sales growth despite supply chain and geopolitical headwinds. The company is proceeding with its aerospace spin-off on June 29, 2026, and declared a quarterly dividend of $1.19. Management maintained full-year guidance of $38.8-$39.8B in sales and $8.88-$9.18 diluted EPS from continuing operations. Analysts remain bullish with an average rating of Buy and a 12-month price target of $249.92 (+17.86% upside).
Apr 16Honeywell to spin off Aerospace Inc. with private offering up to $16 billion; Q4 2025 results beat guidance; earnings report April 23Positive▶
Honeywell International announced plans to spin off Honeywell Aerospace Inc., with Aerospace commencing a private offering of up to $16 billion aggregate in March 2026. The company reported Q4 2025 adjusted sales and earnings above the high end of guidance, with Q4 sales of $9.8 billion (up 6%) and adjusted EPS of $2.59. Honeywell expanded its digital solutions partnership with Nigeria Dangote Petroleum Refinery, deploying its Forge platform and Performance+ Services. Johnson Matthey cut the price of its catalysts unit being sold to Honeywell by over 25%, reducing the deal price to $1.80 billion. The company earnings report is scheduled for April 23.
Apr 14Honeywell Aerospace spin-off investor day June 3; $37B backlog and $16B pre-spin financing securedPositive▶
Aerospace investor conference June 3 ahead of Q3 separation. Aerospace unit has $37B backlog and $16B pre-spin financing. Q1 earnings April 23.
Apr 13Dangote Refinery digital services deal; aerospace separation on track for Q3 2026Positive▶
Honeywell secured digital services contract with Dangote Petroleum Refinery in Nigeria deploying Performance+ Services and Forge platform. Announced 2026 investor days for Aerospace (June 3) and Automation (June 11) ahead of Q3 2026 aerospace separation. Q1 2026 EPS expected at $2.31 (down 8% YoY). Some Q1 revenue delayed to May due to Middle East shipping disruptions.
Apr 10Honeywell hosts investor days for aerospace spinoff; Q1 earnings April 23; $500M defense contract.Positive▶
Honeywell will host investor days for Aerospace and Automation businesses ahead of planned Aerospace spin-off completion in Q3 2026. Q1 2026 results released April 23. Aerospace signed $500M multi-year supplier framework agreement with U.S. Department of War. Stock trades at $236.06 with consensus Buy and $252.23 target.
Apr 9Honeywell reports strong Q4 2025; Aerospace spin-off progresses with $16B debt offeringPositive▶
Honeywell announced Q4 2025 results with adjusted sales of $10.1 billion (+10% YoY) and adjusted EPS of $2.59. The company announced plans for spin-off of Honeywell Aerospace Inc., which commenced a $16 billion senior notes offering. Johnson Matthey reduced catalyst unit price by more than 25% in sale to Honeywell. Honeywell signed supplier agreement committing $500 million for production capacity upgrades. Edge AI demand supports growth outlook.
Apr 8Honeywell announces investor days for aerospace and automation splits; Q1 earnings April 23.Neutral▶
Honeywell announced 2026 investor days for planned aerospace separation (June 3 Phoenix) and automation business (June 11 NY), expected to complete Q3 2026. Q1 2026 earnings April 23. Stock $221.44-$226.68 on April 7. 2026 guidance: Sales $38.8-39.8B; Adjusted EPS $10.35-$10.65 (6-9% growth).
Apr 7Honeywell spins off Aerospace division (HONA, Nasdaq Q3 2026) while advancing quantum satellite consortium and Johnson Matthey Catalyst acquisition.Positive▶
Honeywell announced Q3 2026 separation of Honeywell Aerospace (trading HONA) with inaugural investor conference June 3 in Phoenix. Aerospace raised $16B in private offering. Company licensed aviation technology assets to Innovative Aerosystems. Johnson Matthey Catalyst acquisition adjusted to £1.325B consideration. Defense contract framework agreement with Department of War for critical defense tech. Stock $228.78 with 10% recent gain on robust Aerospace segment performance. Barclays affirmed bullish outlook with analyst calling it 'time to buy.' Consensus sentiment positive despite rising cost pressures and declining margins from spinoff complexity.
Apr 6Honeywell schedules Aerospace separation; Q1 2026 results April 23.Positive▶
HON scheduled separate investor days for Aerospace (June 3, ticker HONA) and Automation (June 11) ahead of Q3 2026 separation. 2026 guidance: adjusted EPS $10.35-10.65 (+6-9%), sales $38.8-39.8B. Signed $500M defense technology production upgrade.
Apr 3Honeywell announces major aerospace spin-off by end-2026 and $500M defense commitment.Positive▶
Honeywell's Board approved full separation of Automation and Aerospace Technologies, targeting completion in H2 2026 as a tax-free transaction. The company priced $16 billion in senior notes for the spin-off and announced a $500 million multi-year defense technology production commitment. Aerospace segment showed 21% organic revenue growth in Q4 2025. Q1 2026 results due April 23. Analysts rate Buy with average price target of $253.77.
Apr 1Honeywell reports Q1 2026 earnings April 23; aerospace spinoff on track for second half 2026.Positive▶
Honeywell will report Q1 2026 results on April 23, 2026. Q4 2025 adjusted sales of $10.1 billion, up 10%, with adjusted EPS of $2.59. The aerospace spinoff remains on track for second half 2026. Honeywell entered an amended agreement to acquire Johnson Matthey's Catalyst Technologies business, reducing consideration to £1.325 billion. The company upsized debt tender offers to $4.67 billion. Barclays raised price target to $275 with Overweight rating.
Mar 31Honeywell signs $500M defense agreement with U.S. Department of War for critical defense technologies.Mixed▶
Honeywell $500M defense framework agreement with Department of War. Aerospace spin-off Q3 2026. Q4 adjusted sales $10.1B up 10%, EPS $2.59. 2026 guidance $10.35-$10.65 EPS. Rhombus AI-powered security partnership. Iran conflict impacting Q1.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| HONHONEYWELL | $212.56 | -0.83% | -6.1% | 18.7x | 0.92 | $135.8B |
| MMM3M | $142.76 | -2.57% | +1.4% | 15.5x | 1.16 | $76.4B |
| CATCATERPILLAR | $890.93 | +0.09% | +23.4% | 31.8x | 1.52 | $414.2B |
| GEGENERAL | $287.56 | -0.82% | +0.4% | 33.4x | 1.43 | $302.9B |
| GEVGE | $1,064.74 | -1.73% | +20.7% | 44.2x | 1.20 | $291.1B |
| RTXRTX | $174.46 | -0.91% | -11.3% | 23.3x | 0.43 | $237.1B |
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