Honeywell Is the Best Dow Stock on Spinoff Speculation
Honeywell stock is higher Monday on news the industrial giant may spin off its aerospace segment. Here's what you need to know.


Honeywell International (HON) is the best Dow Jones stock Monday after the multinational conglomerate announced it was exploring strategic alternatives to unlock shareholder value, including a potential separation of its aerospace business.
"Following the portfolio enhancements announced earlier this year, Honeywell is now well-positioned for significant transformational alternatives, and we are continuing our deeper, more granular exploration of their feasibility and possible timing," said Honeywell CEO Vimal Kapur in a statement.
The announcement comes just over a month after activist investor Elliott Investment Management built a stake worth more than $5 billion in Honeywell, with the goal of pushing for a breakup of the company.

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
"Elliott welcomes Honeywell's announcement today of its ongoing review of strategic alternatives, including the separation of its aerospace business," Elliott said in a statement. "We believe the portfolio transformation Vimal and his team are leading represents the right course for Honeywell, and we look forward to the upcoming completion of the review and to supporting Honeywell as it implements the necessary steps to realize its full value."
Is Honeywell stock a buy, sell or hold?
Honeywell is up nearly 13% for the year to date and Wall Street is bullish on the blue chip stock. According to S&P Global Market Intelligence, the average analyst target price for HON stock is $242.55, representing implied upside of roughly 3% to current levels. Additionally, the consensus recommendation is Buy.
Financial services firm Argus Research is one of those with a Buy rating on HON along with a $240 price target.
"We believe that Honeywell will continue to benefit from its diverse product lines, as well as from its alignment with three key megatrends – supply chain automation, aerospace & defense, and energy and sustainability," wrote Argus Research analyst Kristina Ruggeri in a November 20 note. "Over the last year, Honeywell has made four key acquisitions to support these trends and has disposed of several non-core businesses. These actions should help simplify the company and increase revenue, margins and productivity in the long-term."
Related Content
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.
-
Trump Tax Bill: Why Elon Musk and Most Americans Say It Isn’t So ‘Beautiful’
Tax Policy President Trump is betting big on his new tax cuts. But not everyone is on board.
-
What's Happening With the New Jersey State Budget?
State Taxes The latest New Jersey tax laws include a new ‘mansion tax’ and Stay NJ payouts. Here’s what to know.
-
This 401(k) Withdrawal Snafu Could Knock Your Portfolio off Course
Few financial advisers have heard of this 401(k) withdrawal issue. Here's how to safeguard your portfolio.
-
Why Homeowners Should Beware of Tangled Titles
If you're planning to pass down property to your heirs, a 'tangled title' can complicate things. The good news is it can be avoided. Here's how.
-
A Cautionary Tale: Why Older Adults Should Think Twice About Being Landlords
Becoming a landlord late in life can be a risky venture because of potential health issues, cognitive challenges and susceptibility to financial exploitation.
-
Home Equity Evolution: A Fresh Approach to Funding Life's Biggest Needs
Homeowners leverage their home equity through various strategies, such as HELOCs or reverse mortgages. A newer option: Shared equity models. How do those work, and what are the pros and cons?
-
AI vs the Stock Market: How Did Alphabet, Nike and Industrial Stocks Perform in June?
AI is a new tool to help investors analyze data, but can it beat the stock market? Here's how a chatbot's stock picks fared in June.
-
Stock Market Today: A Historic Quarter Closes on High Notes
"All's well that ends well" is one way to describe the second quarter of 2025, at least from a pure price-action perspective.
-
Keep Tax Collectors at Bay with Muni Bond Funds
Municipal bonds can be good insurance against inflation — and interest is tax-free. But as with all investments, understanding risk is key.
-
Eight Tips From a Financial Caddie: How to Keep Your Retirement on the Fairway
Think of your financial adviser as a golf caddie — giving you the advice you need to nail the retirement course, avoiding financial bunkers and bogeys.