Honeywell Explores Sale of Two Divisions Ahead of Planned 2026 Split

Honeywell International Inc. (NASDAQ:HON) is one of the best manufacturing stocks to buy according to hedge funds. On July 8, Honeywell announced it is exploring “strategic alternatives,” including a potential sale, for two of its business segments: Productivity Solutions & Service/PSS and Warehouse & Workflow Solutions/WWS.

This evaluation precedes Honeywell’s previously announced plan to split into three separate public companies by the end of 2026. The PSS division sells barcode scanners and other warehouse technology and generated over $1 billion in revenue in 2024. The WWS business provides software and products for warehouse and supply chain automation, which also achieved ~$1 billion in sales in 2024.

The evaluation of these alternatives will run parallel to the ongoing workstreams for the planned spin-offs and will not affect their timelines. Honeywell’s advanced materials business is expected to become its own company by early 2026, followed by the aerospace spin-off in H2 2026.

Honeywell International Inc. (NASDAQ:HON) engages in the aerospace technologies, industrial automation, building automation, & energy and sustainable solutions businesses internationally.

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Disclosure: None. This article is originally published at Insider Monkey.