Alpha Score of 38 reflects weak overall profile with weak momentum, weak value, weak quality. Based on 3 of 4 signals — score is capped at 90 until remaining data ingests.
Honeywell International (HON) currently trades at a P/E ratio of 28.58, reflecting its position within the industrials sector. The company reported a 7.3% year-over-year revenue growth, yet faced a contraction in profitability with EPS growth declining by 8.3% to a level of 8.16. These figures contribute to an overall Alpha Score of 46, which is underpinned by a momentum sub-score of 63.9, a value sub-score of 40, and a quality sub-score of 46.9. The stock is currently positioned within its 52-week range of $172.35 to $248.04, indicating moderate volatility over the past year. With a net margin of 12.7%, the firm maintains a consistent operational baseline despite the recent pressure on earnings per share. Investors are evaluating how these efficiency metrics align with the broader industrial cycle as the company navigates current market conditions. The lack of available sentiment data leaves the market to rely strictly on these fundamental performance indicators to gauge future trajectory. Watch for updates on margin expansion efforts and EPS recovery targets throughout the remainder of the current quarter.
On March 20, 2026, Honeywell International Inc. filed an 8-K to report the results and pricing of its cash tender offers for certain existing debt securities. The company confirmed that the settlement of these tendered securities is expected to occur on March 24, 2026. Additionally, the filing addresses the debt obligations of Honeywell Aerospace Inc. Following the settlement of the tender offers, the special mandatory redemption obligation associated with $10 billion in aggregate principal amount of senior notes issued by Honeywell Aerospace Inc. on March 16, 2026, will cease to apply. These notes include various tranches of fixed and floating rate senior notes due between 2028 and 2036. The filing includes a detailed cautionary statement regarding forward-looking statements, specifically highlighting risks associated with the proposed spin-off of the Aerospace business. Honeywell notes that the spin-off is subject to various uncertainties, including the ability to meet closing conditions, potential disruptions to business operations, and the impact on credit ratings and capital structures. The company does not guarantee that the spin-off will be completed as planned or that it will achieve its intended financial benefits.
Honeywell International Inc. filed an 8-K on March 16, 2026, detailing significant financing activities related to the upcoming spin-off of its Aerospace division. Honeywell Aerospace Inc. issued $16 billion in aggregate principal amount of senior notes in a private offering. This issuance includes $11 billion in 'New Money Notes' maturing between 2028 and 2036, and $5 billion in 'Exchange Notes' maturing between 2046 and 2066. The notes are senior unsecured obligations of Aerospace and are guaranteed by Honeywell until the spin-off is finalized, at which point the guarantee will be automatically released. Proceeds from the New Money Notes are designated for a cash distribution to Honeywell, payment of spin-off related expenses, and general corporate purposes. The Exchange Notes were issued to Honeywell as partial consideration for asset contributions to the Aerospace entity and were subsequently delivered to initial purchasers. Honeywell intends to use the cash distribution and proceeds from a 2026 term loan to fund previously announced debt tender offers and redemptions, including the redemption of its 2.250% Senior Notes due 2028. Additionally, Honeywell terminated its $1.0 billion fixed rate term loan credit agreement dated August 12, 2024. The company also satisfied and discharged all obligations under a separate 2026 term loan credit agreement dated March 2, 2026, by transferring the Exchange Notes and cash to the lenders. Aerospace has entered into a registration rights agreement, committing to file a registration statement for the notes within 365 days following the consummation of the spin-off.
Honeywell International Inc. is restructuring its capital and financing framework in preparation for the planned spin-off of Honeywell Aerospace Inc. The company announced a series of financial maneuvers on March 6, 2026, designed to optimize its balance sheet. Honeywell Aerospace has commenced a private offering of up to $16 billion in senior notes. Proceeds from these notes will be used to fund a cash distribution to Honeywell, cover spin-off expenses, and satisfy debt obligations. Honeywell intends to use these funds, along with a $6 billion term loan and existing cash, to execute tender offers and debt redemptions for various outstanding U.S. dollar and euro-denominated notes. Concurrent with these activities, Honeywell entered into new credit agreements, including a $3 billion 364-day credit facility and a $4 billion five-year credit facility. These agreements replace previous credit facilities of identical sizes, which were terminated on March 6, 2026. The new revolving credit commitments are subject to automatic reductions upon the completion of the Aerospace spin-off. The company also secured a $6 billion term loan agreement, which is expected to be satisfied in part through the exchange of notes issued by the Aerospace entity. These financing arrangements contain standard covenants for investment-grade borrowers and do not restrict dividend payments. The tender offers and debt redemptions are subject to specific financing conditions, including the successful receipt of proceeds from the Aerospace notes offering.
On March 3, 2026, Honeywell International Inc. announced that its wholly owned subsidiary, Honeywell Aerospace Inc., has filed a registration statement on Form 10 with the U.S. Securities and Exchange Commission. This filing marks a formal step in the company's plan to spin off its Aerospace business into an independent, publicly traded entity. The company noted that the transaction remains subject to various conditions and there is no guarantee regarding the timing or successful completion of the spin-off. Honeywell highlighted several risks associated with the separation, including potential disruptions to existing business relationships, the diversion of management attention, and the possibility that the transaction may be more costly or time-consuming than initially anticipated. Furthermore, the company cautioned that there is uncertainty regarding the future financial performance of both Honeywell and the new independent Aerospace entity following the completion of the separation. The filing serves as a regulatory disclosure under Regulation FD and does not constitute an offer to sell or the solicitation of an offer to buy any securities.
| Date | Insider | Role | Type | Shares | Value |
|---|---|---|---|---|---|
| Mar 2, 26 | Currier James E | Pres/CEO Aero Technologies | SELL | 2.2K | $548K |
| Mar 2, 26 | West Kenneth J | Pres/CEO Process Technologies | SELL | 873 | $212K |
| Feb 23, 26 | Lieblein Grace | Director | SELL | 2.2K | $546K |
| Feb 23, 26 | Lieblein Grace | Director | SELL | 1.8K | $443K |
| Feb 23, 26 | Lieblein Grace | Director | SELL | 1.8K | $435K |
| Fund | Shares Held | Position Value | Action (latest Q) |
|---|---|---|---|
| Citadel Ken Griffin | 3.72M | $724.77M | NEW |
| D.E. Shaw David Shaw | 3.06M | $597.75M | NEW |
| Marshall Wace | 1.37M | $266.87M | NEW |
| Renaissance Technologies Jim Simons (founder) | 641K | $124.97M | NEW |
| Point72 Steve Cohen | 102K | $19.98M | NEW |
| Soros Fund Management George Soros (founder) | 71K | $13.86M | NEW |
| ARK Invest Cathie Wood | 28K | $5.40M | NEW |
Honeywell International Inc. is a software industrial company that delivers industry-specific solutions for aerospace and automotive products and services. It operates through key business segments including Aerospace Technologies, which provides advanced systems for aircraft and space applications; Industrial Automation, offering process control and optimization technologies; Building Automation, focusing on smart building management and efficiency; and Energy and Sustainability Solutions, addressing renewable energy and environmental technologies. These segments enable Honeywell to serve diverse sectors such as aviation, manufacturing, commercial real estate, and energy transition markets. The company emphasizes connected systems, software overlays, and recurring aftermarket services to enhance operational performance and customer retention. Founded in 1906 and headquartered in Charlotte, North Carolina, Honeywell International Inc. plays a vital role in driving innovation across multi-industry applications worldwide.
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