In this Research Note, we examine the Building Technologies business of Honeywell, based on their 2021 10K Report, investor presentations and building technology-related activities throughout 2021. Honeywell Building Technologies (HBT) is the smallest of 4 reportable segments with $5.5 billion revenues in 2021, which represents just 16% of Honeywell’s diversified business areas across Aerospace, Performance Materials and Technologies, and Safety and Productivity Solutions. HBT has more than 18,000 employees. In the building automation sector, Honeywell Building Technologies is one of the top three global providers of building management systems, control products and energy management solutions and services. The business also offers a broad portfolio of fire, life safety and security systems. Their products, software and technologies are found in more than 10 million buildings worldwide.  Doug Wright, former President of the global Fire & Security business took over as President and CEO, Honeywell Building Technologies in July 2021. 2021 net sales of the Building Technologies division were $5,539 […]