Honeywell split into three firms, with HON as industrial automation focus
Honeywell’s deconglomeration is complete, splitting the group into Honeywell Technologies, Solstice Advanced Materials, and Honeywell Aerospace. The HON ticker keeps the industrial automation business, where orders rose 16% and automation represents $20 billion of a $38 billion backlog. Honeywell Aviation lowered organic sales growth guidance, while Solstice reported stronger sales and earnings growth.