Honeywell Slides 5% As Future Growth Guidance At Chicago Investor Event Dissapoints

Honeywell shares slid about 4.7% Tuesday afternoon, trading around $231.49 at roughly 2:00 p.m. ET, reversing Monday’s $242.93 close and underperforming diversified industrial peers. The drop is linked to the June 29, 2026 separation of Honeywell Aerospace, now trading as HONA, whose first standalone quarter came in weak and prompted analysts to reset expectations. UBS cut its HONA price target to $213 from $231 on Aug. 6, keeping a Neutral rating and citing softer post-spin fundamentals. Honeywell’s Q2 revenue was $9.72 billion, down 6.1% year over year due to the aerospace separation, while GAAP EPS of $17.83 was boosted by a one-time Quantinuum deconsolidation gain. Adjusted EPS rose to $4.52 as organic growth continued.