Honeywell International’s shares surged after news of an IPO for its quantum computing unit, Quantinuum. Valued at $10 billion post-fundraise, the IPO details are pending. Honeywell, a tech-industrial giant founded in 1906, operates across aerospace, energy, and software. With a market cap of $136.5 billion, the stock offers a 2.23% dividend yield.

Quantinuum’s IPO could position Honeywell in the lucrative quantum computing industry, projected to surpass $1 trillion by 2035. The full-stack approach, quantum volume milestones, and software-hardware synergy set Quantinuum apart from competitors. Honeywell’s recent earnings beat and revenue growth reinforce its position for future success.

Quantinuum’s focus on hardware-software integration and quantum cybersecurity tools differentiates it from competitors like IonQ and Rigetti. Honeywell’s latest quarterly results show revenue growth across all segments, with plans to spin off its aerospace technologies division. Earnings beat estimates, and raised full-year guidance underscores Honeywell’s strong performance.

Analysts give Honeywell a “Moderate Buy” rating with a mean target price of $234.59, indicating a 7% potential upside. With strong financials, diversified operations, and strategic moves into quantum computing, Honeywell remains a solid investment choice.

Read more at Yahoo Finance: Ahead of the Quantinuum IPO, Should You Buy Honeywell Stock?