Honeywell Aerospace Targets 4-6% Organic Growth, >10% EPS Post-Split
HON sits 18% above its 52-week low of $186.76.
Summary
Honeywell has provided detailed financial targets for its Aerospace business (HONA) following the upcoming spin-off. The new entity aims for 4-6% organic revenue growth, over 60 basis points of annual margin expansion, and more than 10% EPS growth. This news elaborates on the spin-off, for which record and distribution dates were set on June 5th, and provides specific guidance stemming from recent investor presentations. These targets are crucial for investors to assess the standalone value and growth prospects of the Aerospace segment. The spin-off is scheduled to be effective on June 29, 2026.
At the time of this announcement, HON was trading at $220.90 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $138.8B. The 52-week trading range was $186.76 to $248.18. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.