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.

In calling for the breakup late last year, Elliott pointed to the runaway success of General Electric since it completed a three-way split in 2024.GE’s aerospace, energy and healthcare units are now stand-alone businesses that,

Honeywell is splitting into three independently listed companies, breaking up one of America's last standing conglomerates just months after activist investor Elliott Management took a $5 billion stake in the industrial giant.