Honeywell Technologies HON has been benefiting from strength in its Building Automation segment. An increase in demand for its products and solutions, led by increasing building projects across the Americas, India and the Middle East, is aiding the segment. In the second quarter of 2026, the segment’s revenues totaled $2 billion, up 10% year over year. Organic sales increased 9% year over year.
The segment’s performance was supported by higher demand across both its products and solutions businesses. Products generated $103 million of higher organic sales in the second quarter, while Solutions contributed $59 million of higher organic sales. The company attributed the gains in both businesses to higher demand. Rising order rates and capex investments in data centers and health care projects also bode well for the segment.
The Building Automation segment also maintained strong momentum in the first half of 2026. Its sales increased 10% year over year to $3.88 billion, while organic sales grew 8% year over year.
Honeywell Technologies’ Building Automation segment is well-positioned for continued growth, supported by healthy demand across its products and solutions businesses. Strong sales momentum and ongoing investments in data center provide a solid foundation for further expansion in the coming quarters.
Segmental Snapshot of HON’s Peers
Among HON’s major peers, 3M Company MMM is poised to gain from solid momentum in the Safety and Industrial segment, driven by strength in personal safety, industrial adhesives and tapes, abrasives and electrical markets. Stable demand for electrical infrastructure products like medium voltage cable accessories and insulation tapes augurs well for 3M’s unit. Revenues from 3M’s Safety and Industrial segment grew 8.2% year over year in the second quarter of 2026.
Honeywell Technologies’ another peer, Carlisle Companies Incorporated’s CSL Carlisle Construction Materials segment, is benefiting from healthy re-roofing demand, strategic initiatives and strong commercial execution. Revenues from Carlisle’s unit increased 7.8% year over year in the second quarter of 2026. Carlisle’s segment’s adjusted EBITDA of $363 million increased 4.8% year over year in the quarter.
HON's Price Performance, Valuation and Estimates
From a valuation standpoint, HON is trading at a trailing price-to-earnings ratio of 20.90X. Honeywell carries a Value Score of f.
Honeywell Technologies PE Ratio (TTM)
Honeywell Technologies pe-ratio-ttm | Honeywell Technologies Quote
The Zacks Consensus Estimate for HON’s 2026 earnings has declined over the past 60 days.
Image Source: Zacks Investment Research
Honeywell currently carries a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
