You may know Honeywell as one of the world’s largest industrial conglomerates, but following last week’s spinoff transaction, that is no longer the case.
Following the spinoff of Honeywell Aerospace (NASDAQ: HONA) as a separate, publicly traded company, Honeywell Inc. is now Honeywell Technologies (NASDAQ: HON), an industrial automation pure play
Furthermore, the latest corporate divestiture is the culmination of other spinoff activities the company has undertaken over the past 12 months. As you may recall, last October, Honeywell spun off Solstice Advanced Materials (NASDAQ: SOLS), a specialty chemicals and materials company with exposure to fast-growing industries like data center cooling solutions and semiconductor materials. Also, last month, prior to the aerospace spinoff, Honeywell took its quantum computing business, Quantinuum (NASDAQ: QNT), public, with Honeywell Technologies maintaining a large stake.
Among these four public entities, which one presents the greatest opportunity for investors right now? Let’s take a look at each one and determine which, if any, is worthy of a buy right now. Tread carefully with Honeywell Technologies On one hand, owning Honeywell Technologies means owning the most stable of the former industrial conglomerate’s disparate businesses.