Honeywell Is Now Three Companies. Here's Which Piece I'd Actually Own.

Honeywell completed its three-way split, separating into HON (Honeywell Technologies, focused on automation), SOLS (Solstice Advanced Materials), and HONA (Honeywell Aerospace). CEO Vimal Kapur elected to lead HON, a signal investors should note given the automation unit's 16% order growth and exposure to AI-driven industrial automation demand.

HONA faces immediate headwinds after lowering guidance post-spin, suggesting operational challenges in the aerospace business. SOLS, while performing well operationally, remains the smallest of the three entities by scale.

The Motley Fool analysis singles out HON as the most attractive of the trio, citing both Kapur's management choice and the double-digit order momentum. The 16% order growth positions the automation business to capitalize on industrial AI adoption cycles, while the aerospace unit's guidance cut puts near-term pressure on HONA shares.

SOLS trades as a pure-play materials company but lacks the growth catalyst visible in HON's order book or the scale of the other two spinoffs.