Honeywell Sells PSS Business to Brady for $1.4B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 20 2026
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Honeywell to sell PSS business to Brady for $1.4B in cash
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Analyst Views on HON
Wall Street analysts forecast HON stock price to rise
15 Analyst Rating
8 Buy
6 Hold
1 Sell
Moderate Buy
Current: 223.800
Low
195.00
Averages
235.07
High
262.00
Current: 223.800
Low
195.00
Averages
235.07
High
262.00
About HON
Honeywell International Inc. is an integrated operating company serving a range of industries and geographies around the world, with a portfolio that is underpinned by its Honeywell Accelerator operating system and Honeywell Forge platform. The Company provides actionable solutions for aerospace, building automation, industrial automation, process automation, and process technology. The Company supplies products, software, and services for aircrafts that it sells to original equipment manufacturers (OEM) and other customers in a variety of end markets. The Company’s portfolio of solutions and services is used in buildings worldwide for fire prevention, controls, access and security. Its offerings serve as the fundamental building blocks of industrial automation. Its sensor technologies and value-added smart edge devices offer connectivity across a variety of sensing and measurement applications. The Company offers a comprehensive portfolio of end-to-end process automation solutions.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Funding Size: The company plans to raise up to $1.05 billion by selling approximately 21.05 million shares at a price range of $45 to $50 each, which will provide the necessary capital for its expansion in the quantum computing market.
- Market Trends: Despite increasing geopolitical uncertainties, new listings are showing renewed momentum, with investors backing sectors viewed as strategically important, such as AI infrastructure and critical technologies, indicating strong market confidence in quantum computing.
- Leadership Team: Quantinuum is chaired by Honeywell's CEO Vimal Kapur and led by Intel veteran Rajeeb Hazra, and with their combined industry experience, the company is expected to drive innovation and development in the quantum computing sector.
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- IPO Plans: Quantum computing firm Quantinuum has filed to offer 21.05 million shares of its Class A common stock in an initial public offering, with a projected price range of $45 to $50 per share, potentially raising $1.05 billion at the upper end, indicating strong market interest in quantum technology.
- Financial Performance: In 2025, Quantinuum reported bookings of $79.3 million, with revenue increasing from $23 million in 2024 to $30.9 million, although the net loss widened to $192.6 million, reflecting the company's ongoing heavy investment in growth and commercialization efforts.
- Government Collaboration: The firm has signed a deal with the U.S. federal government to receive R&D funding aimed at addressing specific technology bottlenecks in developing fault-tolerant trapped-ion quantum computers, further solidifying its leadership position in the quantum computing sector.
- Global Presence: With approximately 700 employees, Quantinuum operates facilities across the U.S., U.K., Germany, Japan, Qatar, and Singapore, showcasing its extensive influence and strategic positioning in the quantum computing market.
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- Nvidia's Dividend Surge: On May 20, Nvidia raised its quarterly dividend from $0.01 to $1 per share, a staggering 2400% increase, which, despite a current yield of only 0.5%, attracts investors seeking passive income and indicates a shift towards a more stable earnings model amid surging AI demand.
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- Honeywell's Underperformance: Since joining the Dow in 2020, Honeywell has underperformed relative to the S&P 500 and the Dow, with plans to spin off its businesses in 2025 and 2026, potentially paving the way for Alphabet's inclusion and optimizing the index's composition.
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- Dow Jones Component Changes: As the Dow Jones Industrial Average approaches its 130th anniversary, its composition has become more modern with the addition of tech stocks, although its communication sector weighting remains at a mere 2%, significantly lower than the S&P 500's 11%, indicating a structural inadequacy in reflecting market dynamics.
- Potential Inclusion of Alphabet: Alphabet's stock split in 2022 positions it favorably to potentially replace Honeywell in 2024, enhancing its representation in the Dow, particularly given its leadership in AI, cloud computing, and self-driving technologies, which could drive its market cap closer to $5 trillion.
- Integration of AI Technologies: Despite Alphabet's stock tripling in price over the past year, its successful integration of AI features into Google Search and the expansion of its Gemini large language model demonstrate its robust capabilities in technological innovation and market competition.
- Future Investment Value: With a forward P/E ratio of 27.8, Alphabet is still considered a good long-term investment, especially due to its unique advantages in free cash flow generation and investments across the AI value chain, positioning it for strong growth potential in the future.
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