The most material development for Honeywell International in the period was the formal separation of its aerospace division. Honeywell Aerospace commenced standalone trading on 29 June 2026, following its spin-off from Honeywell International as an independent aerospace and defense firm. CEO Jim Currier addressed the company's first day of trading publicly. No further Honeywell-specific corporate news was recorded in the preceding weeks, with broader briefings focused on unrelated macro and IPO activity during June 2026 [Brief - 2026-07-03] [Brief - 2026-06-30].
As of the quarter ending 31 March 2026, Honeywell reported trailing twelve-month revenue of $37.66 billion, representing year-over-year growth of 2.4%. Net income on a TTM basis was $4.14 billion, with a net margin of 11.0%. Gross margin stood at 64.5% and operating margin at 21.9%. EPS declined 41.9% year-over-year on a TTM basis. The company held $11.98 billion in cash against total debt of $36.74 billion. The P/E ratio was 35.21, with a market capitalisation of approximately $143.5 billion [SEC 10-Q - HON - 2026-03-31].
Insider activity in July 2026 recorded one transaction with a net value of zero and a mixed directional classification [SEC Form 4 - HON - 2026-07]. On the institutional side, ARK Invest added approximately 40% to its HON position during the most recently reported quarter, representing a material increase in that firm's exposure to the stock [SEC 13F - ARK Invest - Q2 2026].
The 10-year US Treasury yield stood at 4.54% and the 2-year at 4.16% as of the report date, producing a normal yield curve spread of 38 basis points [FRED DGS10] [FRED DGS2].
This report was generated in response to material institutional position changes, specifically the significant addition to ARK Invest's reported HON holdings, occurring in the context of the recently completed aerospace division separation.