Honeywell Sets Three-Year Financial TargetsHoneywell outlined a three-year financial framework targeting 4% to 6% organic growth, more than 10% annual adjusted EPS growth, and more than 90% free cash flow conversion.The company expects segment margins of approximately 24%, adjusted EPS of about $6.00, and free cash flow of more than $3 billion by 2029.For full-year 2026, Honeywell guided adjusted EPS of $3.95 to $4.15 and free cash flow of approximately $2 billion.Automation Business And Software GrowthHoneywell positioned itself as a pure-play global automation business following its planned Aerospace separation.The company reported approximately $17 billion in 2025 sales and about $4 billion in segment profit across Building Automation, Industrial Automation, and Process Automation & Technology.The company targets approximately 15% annual recurring software revenue growth and plans to increase services and software to more than 45% of its mix within about five years.Honeywell also highlighted its $1 billion investment in Honeywell Forge, which expanded from fewer than 10,000 connected sites in 2020 to more than 324,000 in 2026.Portfolio Actions And Capital PlansHoneywell plans to prioritize near-term debt repayment to keep gross leverage below 3.0x. It also targets a 35% dividend payout ratio, a 1% annual reduction in share count, and bolt-on acquisitions in the $2 billion to $4 billion range.Chairman and CEO Vimal Kapur described Honeywell's strategy as a move "from automation to autonomy," supported by a roughly 30% aftermarket installed base, an $18 billion backlog, and 13% orders growth over the last three years.HON Technical Analysis: Momentum And Key Chart LevelsThe stock is currently trading at $207.50, which is approximately 6.3% below its 20-day simple moving average (SMA) of $222.33.The moving average convergence divergence (MACD) is below its signal line, indicating that upside momentum is fading unless it can reclaim that baseline.