Honeywell to Break Up After Pressure From Activist Elliott (4)

Honeywell International Inc. will split into separate publicly traded companies following pressure from an activist investor, the latest in a line of industrial conglomerates seeking a more streamlined portfolio.

The Charlotte, North Carolina-based company plans to separate its aerospace division from its automation business, while also proceeding with a previously planned spin-off of its advanced materials arm. The breakup process should be complete by the second half of 2026, Honeywell said Thursday in a statement as it also reported quarterly results.

The decision, confirming a Bloomberg News report from last month, comes after activist Elliott Investment Management in November revealed ...