Honeywell Technologies

Honeywell Technologies (Honeywell) makes automation products, software and services for buildings, industrial plants and the process industries. The legal name of the company is still Honeywell International Inc. It has three segments. Building Automation sells fire, security, access and building control systems and services.

Process Automation and Technology sells control systems for refineries, chemical plants and LNG plants, process technology licenses and catalysts. Industrial Automation sells sensors, gas detection, safety products and smart meters for utilities. In Q3 2026, Building Automation gave $2,020 million, Process Automation and Technology $1,859 million and Industrial Automation $1,115 million of sales of $4,994 million. Honeywell became a pure automation company after two spin-offs: Solstice Advanced Materials on October 30, 2025 and Honeywell Aerospace on June 29, 2026.

It also owns 48% of the quantum computing company Quantinuum, which became a public company on June 4, 2026. Honeywell has more than 50,000 employees, and its shares trade on Nasdaq. The head office is in Charlotte, North Carolina. Vimal Kapur is Chairman and Chief Executive Officer.

Honeywell trades above its intrinsic value because investors pay for its new focus on automation after the spin-offs, its cost cuts and its stake in Quantinuum. In Q3 2026, its first quarter as a pure automation company, organic sales rose 7%, the segment margin rose to 21.3% from 17.6%, and adjusted EPS rose 34% to $2.27. Honeywell raised its 2026 guidance for adjusted EPS to $8.40 to $8.45.

For the shares to earn this price, three things must be true. Organic sales growth must stay near 5% or more, with demand from LNG, refining and building projects. The segment margin must keep rising as Honeywell removes the costs that the spin-offs left behind.

Process Automation and Technology must recover its margin, which fell to 22.2% in Q3 2026 after the acquisition of the Catalyst Technologies business of Johnson Matthey. The Q4 2026 report, expected in late January 2027, with the first guidance for 2027, is the next test. Slower industrial demand or a fall in the value of Quantinuum can make the premium hard to keep.

1. Oct 22, 2026Passed

   Q3 2026 results: first quarter as a pure automation companyOrganic sales growth of 5% or more and a higher segment margin pass; organic growth below 3% fails.Outcome: Organic sales rose 7%, and the segment margin rose to 21.3% from 17.6%.
2. Jan 22, 2027 · est.Pending

   Q4 2026 results and 2027 guidance2026 adjusted EPS of $8.40 or more and 2027 guidance for organic growth of 4% or more pass; lower guidance fails.
3. 2027 · est.Pending

   Process Automation and Technology marginA segment margin above 23% in 2027 after the catalyst acquisition passes; a margin below 22% fails.

Every passed and failed checkpoint across all picks

• October 22, 2026Honeywell reported Q3 2026 results, its first quarter as a pure automation company. Sales rose 1% to $4,994 million, and organic sales rose 7%. The segment margin rose to 21.3% from 17.6%. EPS from continuing operations was $2.40, against $2.99 a year earlier, which included a one-time gain from the end of an agreement with Resideo. Adjusted EPS rose 34% to $2.27. Honeywell raised its 2026 guidance to sales of $20.0 billion to $20.1 billion and adjusted EPS of $8.40 to $8.45. The backlog was nearly $19 billion.
• August 19, 2026Honeywell named Billal Hammoud President and Chief Executive Officer of Process Technology and Juan Picon President and Chief Executive Officer of Building Automation, both from October 1, 2026. Ken West, the former head of Process Technology, left the company on August 31, 2026.
• August 3, 2026Honeywell completed the sale of its Productivity Solutions and Services business for $1,370 million, after the sale of its Warehouse and Workflow Solutions business for $157 million on July 27, 2026. It recorded a gain of $339 million before tax on the two sales.

Last earnings

October 22, 2026 (8-K on sec.gov)

Next earnings

Expected about January 22, 2027. The company has not confirmed the date.

• 10-QQuarterly report for the period ended Sep 30, 2026Filed October 22, 2026 · hon-20260930
• 8-KEarnings releaseFiled October 22, 2026 · hon-20261022
• 8-KChange of directors or officers and Investor disclosureFiled August 19, 2026 · hon-20260819
• 10-QQuarterly report for the period ended Jun 30, 2026Filed July 23, 2026 · hon-20260630
• 8-KEarnings releaseFiled July 23, 2026 · hon-20260723
• 8-KNew material agreement and Acquisition or sale completedFiled June 29, 2026 · hon-20260625
• 8-KChange of directors or officers and Investor disclosureFiled June 15, 2026 · hon-20260615
• 8-KInvestor disclosure and Other company newsFiled June 5, 2026 · hon-20260605
• 8-KChange of directors or officers and Investor disclosureFiled June 2, 2026 · hon-20260601
• 8-KShareholder vote resultsFiled May 27, 2026 · Read it on sec.gov

Every filing on SEC EDGAR (CIK 773840)

• Sales of Process Automation and Technology and Industrial Automation depend on capital spending by refineries, chemical plants, LNG plants, factories and utilities. A slowdown in industrial activity can lower orders. In Q3 2026, sales of products in Industrial Automation did not grow, partly because utilities delayed smart meter deployments.
• Honeywell changed a lot in one year, with two spin-offs, the sale of two businesses and new acquisitions. It must remove the costs that the spin-offs left behind, and it has only one quarterly report as a pure automation company.
• Honeywell owns 48% of Quantinuum. The fair value of the stake was $6,173 million at September 30, 2026, below its carrying value of $7,113 million. Quantinuum has losses, and Honeywell recorded equity losses of $147 million in Q3 2026. The price of Quantinuum shares can move a lot.
• Debt was $16.6 billion at September 30, 2026, and $6.2 billion of it was due within 12 months, including $2.4 billion of commercial paper and other short-term borrowings.
• Honeywell Aerospace took over the environmental liabilities of some old sites at the spin-off, and Honeywell removed $828 million of these liabilities from its balance sheet. Regulators can still ask Honeywell to pay for the clean-up if Honeywell Aerospace does not.

Honeywell funds itself with senior notes in U.S. dollars and euros, a term loan, commercial paper and cash flow. In the first nine months of 2026, it received $15,835 million of pre-separation funding for the spin-off of Honeywell Aerospace and repaid $14,688 million of long-term debt. Read more

Dividend yield

1.9% (last 12 months, at today’s price of $229.00)

Paid per share

$4.4441 in the last 12 months (4 payments)

Current annual rate

$2.80 ($0.70 × 4 a year)

Latest ex-dividend date

August 14, 2026, $0.70 per share

Dividends per share by year

Over the last 10 years, the dividend grew by about 7.1% a year.

Source: company filings and market data, read on November 10, 2026. The ex-dividend date is the first day a buyer no longer gets the next payment.