HON Stock Plunges 51.5% Over Six Months Amid Weak Process Automation Demand

Honeywell Technologies' HON stock has declined 51.5% over six months, underperforming its peers and broader market indices.

The company's spin-off from Honeywell International in June marked a significant milestone, allowing it to focus on industrial automation and benefit from improved operational efficiency.

However, the Process Automation segment has been impacted by weak demand, resulting in a 1% year-over-year decline in organic revenues in the second quarter of 2026.

Elevated costs and expenses, including a 14.2% increase in research and development expenses, have also weighed on Honeywell Technologies' profitability.