Honeywell to Break Into 3 as It Seeks GE Magic. The Stock Is Dropping After Earnings Beat. - Barron's

1. Honeywell plans to split into three companies: automation, aerospace, advanced materials. 2. Earnings per share were $2.47, exceeding estimates but guidance was below expectations. 3. Breakup strategy aims to unlock shareholder value, inspired by GE's successful restructuring. 4. Automation segment is largest, with $18 billion in annual sales; aerospace at $15 billion. 5. Investor focus will shift to the 2025 outlook amidst portfolio changes.