Honeywell International Inc. (NASDAQ: HON) ended Wednesday’s session with a rare advantage: it closed higher even as the broader market slid, then inched up again in after-hours trading—a setup that puts the focus squarely on Thursday morning’s macro catalyst rather than any fresh company-specific headline.
With November’s U.S. Consumer Price Index (CPI) due at 8:30 a.m. ET on Thursday, Dec. 18, traders are effectively treating tonight as a “positioning window”—and Honeywell’s steadier, industrial profile is one reason it held up better than the tech-heavy tape on Wednesday. [1]
Below is a detailed look at HON’s after-hours action, today’s most relevant news and analyst takes, and the key items to know before the opening bell tomorrow.
Honeywell stock price: how HON traded into the close and after hours (Dec. 17)
Honeywell finished the regular session up 0.82% at $199.89, then traded around $200.40 in after-hours, up about 0.26% from the close (delayed quote) with after-hours volume near 966,000 shares. [2]
A few key tape-read details from Wednesday:
- Regular-session close: $199.89 (+0.82%) [3]
- After-hours (last update shown 7:58 p.m. ET): $200.40 (+0.26%) [4]
- Day’s range: roughly $198.08 to $202.46
- Regular-session volume: about 4.66 million shares
What stands out is not the magnitude of the after-hours move—it’s modest—but the relative resilience: Honeywell was green on a day when risk appetite sagged.
Why Honeywell outperformed as the market sank
U.S. stocks broadly slid Wednesday, with tech taking the brunt of the pressure:
- S&P 500: down 1.16%
- Nasdaq Composite: down 1.81%
- Dow: down 0.47% [5]
Reuters tied the weakness to renewed anxiety around AI-related spending and funding dynamics, while also noting markets were waiting for Thursday’s inflation data. [6]
For Honeywell, that backdrop matters because:
- The day’s “pain trade” was concentrated in mega-cap tech and AI-linked infrastructure names, not broadly across industrials. [7]
- Rates and inflation expectations are central to the next move—and diversified industrials like Honeywell often trade as a blend of “quality cyclicals” and “cash-flow defensives,” depending on the macro print and the bond market reaction.
In other words, the question for Thursday isn’t just “What will CPI be?” but “How will yields and risk sentiment respond?”—and that response can swing industrials quickly.
Company fundamentals in focus: the breakup roadmap is still the big story
There wasn’t a major new Honeywell corporate release on Dec. 17 itself, but investors continue to price the company through the lens of its ongoing transformation.
1) Solstice spin-off is done—and it’s a reminder that Honeywell is mid-transition
Honeywell completed the spin-off of its Advanced Materials business (now Solstice Advanced Materials), with Solstice shares beginning trading under “SOLS.” [8]
2) The bigger catalyst: separating Aerospace and Automation in H2 2026
Honeywell continues to guide to a second-half 2026 completion for the separation of its Aerospace and Automation businesses. [9]
On its investor resources page, Honeywell explicitly frames this as creating three focused public companies (Automation, Aerospace, Solstice) after a portfolio review under CEO Vimal Kapur. [10]
3) Segment reporting changes are coming fast (Jan. 1, 2026; Q1 2026 reporting)
Honeywell has also detailed an updated segment structure ahead of the Aerospace spin-off, with the new structure expected to take effect Jan. 1, 2026, and reflected starting with Q1 2026 results. [11]
Why this matters for the stock: approaching reporting changes can bring more attention to segment margins, organic growth, and valuation comparisons—especially for investors trying to handicap what “New Honeywell” should be worth versus pure-play peers.
The analyst landscape: bullish “catalyst path” vs. mixed Street sentiment
Even without a fresh Dec. 17 upgrade/downgrade headline dominating the tape, the most recent analyst calls are shaping how investors frame upside/downside into year-end.
Evercore ISI: “Outperform” and a $255 target—highlighting a “richest catalyst path”
Evercore ISI initiated coverage with an Outperform rating and a $255 price target, arguing Honeywell has a compelling catalyst lineup into what it calls a pivotal year for the company post-portfolio actions. [12]
Among Evercore’s key points (as reported):
- Honeywell positioned with a strong catalyst set relative to its coverage universe
- Focus on the Aerospace spin-off and what it enables for the remaining Automation-focused business
- A forecast of 5% growth (2026–2028) versus consensus 4% cited in the note
- Building Automation flagged as an “unsung hero” with strong margins
- A sum-of-the-parts framework supporting the target [13]
Goldman Sachs: trimmed price target but kept a “buy” rating
A separate note cited by MarketBeat said Goldman lowered its Honeywell price target to $236 from $245, while maintaining a buy rating. [14]
The pushback: downgrade risk and skepticism about near-term growth
Honeywell also saw notable skepticism earlier in the cycle. Barron’s previously highlighted a rare double downgrade by BofA (and debate over the bull case), underscoring that while many on Wall Street see value in the breakup, not everyone agrees the timing and earnings trajectory justify aggressive multiple expansion right now. [15]
Net: going into Thursday, Honeywell is still a “debated quality industrial”—with a clear long-term catalyst roadmap, but near-term price action that can be dominated by macro data.
The main event before the market opens Thursday: CPI (plus jobless claims and Philly Fed)
If you only watch one item before the opening bell, it’s this:
The U.S. Bureau of Labor Statistics scheduled the CPI release for November 2025 at 8:30 a.m. ET on Thursday, Dec. 18, 2025. [16]
In addition, markets will also digest:
- Core CPI
- Initial jobless claims
- Philadelphia Fed Manufacturing Index (plus related components) [17]
Why CPI matters for Honeywell specifically
Honeywell tends to respond to CPI through several channels:
- Rates/yields channel: A hotter print can lift yields, pressure valuation multiples, and cool risk appetite.
- Dollar channel: Inflation surprises can move the dollar—relevant for global industrials.
- Industrial demand expectations: If CPI reshapes expectations about economic growth (and future rate cuts), it can shift sentiment around capital spending and industrial activity.
Reuters also noted markets have been working with a less-clear macro picture after disruptions (including delayed data), which increases the sensitivity to major releases like CPI. [18]
Key levels and a simple “Thursday game plan” for HON watchers (no charts)
Without overcomplicating it, tonight’s tape suggests a few practical reference points:
- $200 is the obvious psychological pivot (HON is hovering right around it after hours). [19]
- ~$202.46 is the approximate Wednesday high, a near-term resistance reference.
- ~$198.08 is the approximate Wednesday low, a first support reference.
A straightforward checklist for Thursday morning:
- 8:30 a.m. ET: CPI hits—watch the immediate move in Treasury yields and equity index futures. [20]
- First 15–30 minutes after the open: Does HON hold above/below $200 as the market digests the print? [21]
- Watch industrial peers and aerospace/automation comps: Honeywell often trades with a “quality industrial” basket when macro is the driver.
- Be alert for late-breaking company headlines: While tonight doesn’t feature a major new Honeywell corporate release, any incremental update tied to the 2026 separation roadmap can move the stock quickly given how central the catalyst narrative is. [22]
Looking slightly beyond tomorrow: what else is on the radar
A few forward-looking items investors continue to track:
- Board refresh: Honeywell appointed Indra Nooyi as an independent director effective Jan. 1, 2026, adding a high-profile governance and strategy voice. [23]
- Aerospace spin leadership: Honeywell named Jim Currier to lead the future Aerospace company, with Craig Arnold as chair for the spin entity, reinforcing separation execution planning. [24]
- Next earnings window: Nasdaq listings commonly show an estimated next earnings date in early February 2026 (not company-confirmed). [25]
- Dividend cadence: The most recently announced quarterly dividend schedule shows the latest cycle (including ex-date and pay date) already passed, meaning dividends are not the near-term “tomorrow morning” driver. [26]
Bottom line for Honeywell stock heading into Dec. 18
Honeywell enters Thursday’s session with mildly positive after-hours tone and a Wednesday close that beat the broader market’s risk-off move. [27]
But the most important driver for the next few hours is macro, not micro: the Nov. 2025 CPI release at 8:30 a.m. ET (along with jobless claims and the Philly Fed index) is the clear catalyst that can reset expectations for rates, risk sentiment, and industrial multiples in one burst. [28]
References
1. www.bls.gov, 2. www.marketwatch.com, 3. www.marketwatch.com, 4. www.marketwatch.com, 5. www.reuters.com, 6. www.reuters.com, 7. www.reuters.com, 8. www.honeywell.com, 9. www.honeywell.com, 10. investor.honeywell.com, 11. www.honeywell.com, 12. www.investing.com, 13. www.investing.com, 14. www.marketbeat.com, 15. www.barrons.com, 16. www.bls.gov, 17. ng.investing.com, 18. www.reuters.com, 19. www.marketwatch.com, 20. www.bls.gov, 21. www.marketwatch.com, 22. www.honeywell.com, 23. www.honeywell.com, 24. www.honeywell.com, 25. www.zacks.com, 26. www.dividendmax.com, 27. www.marketwatch.com, 28. www.bls.gov
