Honeywell Technologies raises profit guidance after one-for-two reverse stock split

July 8 (Reuters) - ‌Automation firm ​Honeywell ​Technologies on Wednesday raised its second-half and ‌full-year profit targets for 2026 ⁠after completing a one-for-two reverse ‌stock split.

The company, formerly ‌Honeywell, proceeded with the split after spinning off and ​listing its aerospace arm, Honeywell Aerospace, late last month.

• ⁠Honeywell Technologies expects second-half adjusted earnings per ​share in the range of $4.40 to $4.70, compared with $2.20 to $2.35 ​earlier.

• For the ‌full year, it raised its adjusted EPS ⁠target to $7.90 to $8.30, compared with an earlier forecast of $3.95 to $4.15.

• ⁠Its second-half and full-year sales and segment ​margin targets remained unchanged.

• Honeywell's three-way split into Honeywell Technologies, Solstice ‌Advanced Materials and Honeywell Aerospace was announced last ‌year, amid pressure from ⁠activist investor Elliott ‌Investment Management.

(Reporting ​by Nandan Mandayam in Bengaluru; Editing by Jonathan ‌Ananda)

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