Honeywell Technologies Increases Profit Forecast Following Stock Split
On July 8, Honeywell Technologies announced an increase in its profit targets for the second half of 2026 and for the entire year after conducting a one-for-two reverse stock split. This move comes soon after the company spun off its aerospace division, Honeywell Aerospace, which was listed separately at the end of last month.
The company now anticipates adjusted earnings per share (EPS) for the latter half of the year to be between $4.40 and $4.70. This is a significant boost from their earlier estimate of $2.20 to $2.35. For the full year, Honeywell Technologies has raised its EPS forecast to a range of $7.90 to $8.30, compared to the prior expectation of $3.95 to $4.15.
It’s worth noting that while the profit expectations have been adjusted, the targets for sales and segment margins for both the second half and the full year remain the same.
Last year, the company announced its plan to split into three distinct entities: Honeywell Technologies, Solstice Advanced Materials, and Honeywell Aerospace, largely in response to pressure from the activist investor Elliott Investment Management.
(Reported by Nandan Mandayam in Bengaluru; Edited by Jonathan Ananda)
