Honeywell International Inc. (NASDAQ:HON) aerospace unit, Honeywell Aerospace, hosted an investor day on June 3 in Phoenix.
Notably, on Monday, the company unveiled new brand identities for its two businesses ahead of the planned June 29 aerospace spin-off.
Following the split, Honeywell Aerospace will trade under the ticker ‘HONA’.
2026 Outlook
The company forecasts 7%–9% organic sales growth in 2026 and expects standalone adjusted EBIT of $4.65 billion–$4.75 billion.
It also targets free cash flow of $1 billion–$1.5 billion in the second half of 2026.
By segment, Honeywell expects end-market organic growth of high single digits (HSDs) in Commercial Original Equipment (OE), mid single digits to HSDs in Commercial Aftermarket, and Defense & Space in HSDs.
2030 & Long Term Targets
Looking ahead, Honeywell projects that adjusted EBIT will exceed $6.5 billion by 2030 and free cash flow will surpass $4 billion.
In the aerospace business, the company expects A320neo and 737 MAX APU flight hours to grow at an 18% annualized rate through 2030.
It projects its avionics installed base to expand at a 5% annualized rate over the same period and expects HTF 7000 engine-equipped aircraft to grow at roughly 9% annually through 2030.
The company also expects its international defense business to grow at a high single-digit rate from 2025 to 2030.
Honeywell expects organic sales to grow at a 6%–8% CAGR from 2025 to 2030. It also targets adjusted EBIT of more than $6.5 billion and free cash flow exceeding $4.0 billion over the same period.
Management expects earnings progression to remain uneven as it continues investing through 2026–2028.
Honeywell (HON) Earnings & Analyst Forecast
Looking further out, the next major catalyst for the stock arrives with the July 23, 2026 (estimated) earnings report.
- EPS Estimate: $2.42 (Down from $2.75 YoY)
- Revenue Estimate: $9.55 Billion (Down from $10.35 Billion YoY)
- Valuation: P/E of 35.7x (Indicates premium valuation relative to peers)
Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price target of $256.00. Recent analyst moves include:
- RBC Capital: Outperform (Maintains Target to $268.00) (June 4)
- Goldman Sachs: Buy (Raises Target to $276.00) (June 3)
- Barclays: Overweight (Raises Target to $251.00) (May 27)
Top ETFs Holding Honeywell (HON) Stock
- Invesco Aerospace & Defense ETF (NYSE:PPA): 4.68% Weight
- Themes Transatlantic Defense ETF (NASDAQ:NATO): 5.39% Weight
- BrandywineGLOBAL-Dynamic US Large Cap Value ETF (NASDAQ:DVAL): 4.22% Weight
HON Stock Price Activity: Honeywell shares were down 2% at $217 at the time of publication on Thursday.
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