Honeywell (NASDAQ: HON) hosted an investor day for Honeywell Technologies on June 11 in New York City, presenting new financial targets ahead of the planned June 29 spin-off of Honeywell Aerospace.

Chairman and CEO Vimal Kapur outlined three-year financial projections for the remaining automation-focused company following the aerospace separation. The company targets 4% to 6% organic growth annually, margin expansion of more than 60 basis points per year, and earnings growth exceeding 10% annually with over 90% free cash flow conversion.

"Following a three-year process to simplify our portfolio, we have the foundation in place to accelerate profitable growth by leveraging our vast installed base and deep domain expertise in mission-critical environments," Kapur said during the presentation.

The investor conference, which began at 1:00 p.m. EDT, featured demonstrations of the company's products and solutions across its strategic business segments. The event included financial targets for each segment and interactive sessions with the leadership team.

Earlier in the week, Honeywell provided preliminary 2026 financial outlook for Honeywell Technologies and announced changes to how it presents adjusted results. The company said these modifications will provide a simpler basis for explaining operational performance.

The presentation materials and webcast replay are available on the company's investor relations website for 30 days following the event. Honeywell also made presentation materials from a June 8 session available on the same platform.

The spin-off represents part of Honeywell's portfolio simplification strategy, positioning the remaining entity as what the company describes as a pure-play automation company serving industries where reliability is essential.