Honeywell's Industrial Automation Segment Underperforming Despite Aerospace Strength

Honeywell International's Industrial Automation segment has seen persistent weakness, with revenues declining 6.1% YoY in the first nine months of 2025. Softness in sensing & safety technologies and productivity solutions and services businesses is a major concern. However, solid momentum in aerospace and building automation businesses augurs well for the company. RBC Bearings and 3M are witnessing strength in their respective industrial segments. Honeywell's shares have lost 1.8% in the past month compared to the industry's decline of 7.3%. The company is trading at a forward P/E ratio of 18.28X, above the industry average of 14.17X.