Honeywell International (HON) stock was on the move Monday after the technology and manufacturing company announced that it will sell its Productivity Solutions and Services business. Brady Corporation, a manufacturer of identification and protection solutions, will purchase the business from Honeywell International for $1.4 billion in cash.
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Honeywell International said that this latest deal was the result of its evaluation of strategic alternatives for the Productivity Solutions and Services business. This was part of a broader evaluation of the company to streamline its operations. This will also see it spin off its Aerospace business. The company will complete its sale of the Productivity Solutions and Services business in the second half of 2026, and the spin off of its Aerospace business in Q3 2026.
Vimal Kapur, chairman and CEO of Honeywell International, said, “With the PSS divestiture, we are nearing completion of our multi-year portfolio transformation, further accelerating value creation as we prepare to separate our Aerospace and Automation businesses into two independent industry leading public companies. The sale also enables us to continue strengthening our financial and operational focus on the company’s core businesses.”
Honeywell International Earnings on the Horizon
Investors will also note that Honeywell International is set to report Q1 2026 earnings on Thursday. Wall Street expects the company to report adjusted earnings per share of $2.32 alongside revenue of $9.3 billion. Based on the company’s history, it seems likely it will surpass Wall Street’s Q1 estimates.
Honeywell International Stock Movement Today
Honeywell International stock was down slightly in premarket trading on Monday, following a 1.82% rally yesterday. The shares have increased 20.31% year-to-date and 20.24% over the past 12 months.
Is Honeywell International Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Honeywell International is Moderate Buy, based on nine Buy, four Hold, and one Sell rating over the past three months. With that comes an average HON stock price target of $257.36, representing a 10.19% upside for the shares.
