Wahed Dow Jones Islamic World ETF (UMMA)

Honeywell traces its roots to 1885, when Albert Butz produced a predecessor to the modern thermostat. Today, Honeywell is a multi-industry automation behemoth with one of the largest global installed bases of equipment. It operates through three business segments: building automation, industrial automation, and process automation and technology. Its installed base of equipment tends to remain in operation for many years, giving rise to lucrative aftermarket service opportunities. In recent years, Honeywell has made several portfolio changes to simplify its operations, including spinning off Solstice Advanced Materials and Honeywell Aerospace.

3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities and for pioneering new uses for its proprietary technologies. 3M has three business segments: safety and industrial (around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M’s revenue comes from outside the Americas.

Following the separation from the aerospace businesses in June 2026 and the October 2025 spinoff of its advanced materials business (Solstice Advanced Materials NGS: SOLS), Honeywell International Inc. remains the legal name for the company, but it is doing business under the brand Honeywell Technologies. Honeywell Technologies offers products and services pertaining to building, energy and industrial automation applications. It operates under three segments: building automation, process automation & technology, and industrial automation. HON conducts business globally in the U.S., Europe, and Asian countries. The company's shares are a component of the Dow Jones Industrial Average and the S&P 500. Based in Charlotte, NC, Honeywell has approximately 100,000 employees.

Stock indices are mixed at midday, with the S&P 500 and Dow Jones Industrial Average higher and the Nasdaq and Russell 2000 lower. But either way, the moves are not substantial. Meanwhile, earnings report continue to hit the tape at an accelerated pace, and those updates generally are driving the action in individual names.