Honeywell Explores Strategic Options Amid Business Restructuring

Honeywell's stock rose as the company announced it is exploring strategic options for its Productivity Solutions and Services (PSS) and Warehouse and Workflow Solutions (WWS) businesses, which may involve selling these units. This move is part of a broader plan to split into three separate companies focused on automation, aerospace, and advanced materials, with the goal of simplifying operations and increasing value. The automation segment, which includes PSS and WWS, is being emphasized as a core growth area, and the company expects to complete the spin-off of its materials business by year-end and the separation of automation and aerospace by 2026. Investors seem optimistic about the potential value creation from this breakup.