Honeywell Updates 10-K, Advances Portfolio Optimization Strategy

Honeywell International ( (HON) ) has issued an announcement.

On February 17, 2026, Honeywell filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and detailed further steps in its portfolio optimization strategy centered on its core automation businesses. The company has classified its Productivity Solutions and Services and Warehouse and Workflow Solutions units as assets held for sale since the fourth quarter of 2025, with the planned divestitures expected to narrow Honeywell’s focus and reshape its industrial automation footprint.

Following its January 29, 2026 earnings release, Honeywell recorded additional impairment charges tied to these businesses, including an incremental $436 million goodwill impairment in the Industrial Automation segment and a $35 million impairment on assets held for sale, partially offset by a $61 million tax benefit. These adjustments lowered full-year 2025 reported metrics to earnings per share from continuing operations of $6.94, net income from continuing operations of $4,468 million, operating income of $5,573 million, and a 14.9% operating margin, but did not affect previously announced adjusted results or 2026 guidance, which the company reaffirmed while signaling it still expects to complete the PSS and WWS sales in the first half of 2026.

The most recent analyst rating on (HON) stock is a Hold with a $235.00 price target. To see the full list of analyst forecasts on Honeywell International stock, see the HON Stock Forecast page.

Spark’s Take on HON Stock

According to Spark, TipRanks’ AI Analyst, HON is a Outperform.

The score is driven primarily by solid underlying financial performance and a constructive earnings outlook (clear 2026 growth, margin, and free-cash-flow guidance backed by record backlog). Offsetting factors are the more levered balance-sheet profile and a stretched technical setup (overbought signals), with valuation also on the expensive side at a ~27x P/E.

To see Spark’s full report on HON stock, click here.

More about Honeywell International

Honeywell International Inc. is an integrated industrial and technology company serving a broad range of industries and geographies worldwide. Its portfolio, underpinned by the Honeywell Accelerator operating system and Honeywell Forge platform, spans aerospace, building automation, industrial and process automation, and process technology, providing solutions aimed at smarter, safer, and more sustainable operations.

Average Trading Volume: 4,380,007

Technical Sentiment Signal: Buy

Current Market Cap: $153.2B

See more insights into HON stock on TipRanks’ Stock Analysis page.