Honeywell International is trying to pull a GE, breaking up into three companies in an effort to unlock shareholder value. Honeywell, the industrial conglomerate, also reported fourth-quarter numbers on Thursday.

HON's fourth-quarter results benefit from growth in commercial aftermarket, defense & space and process solutions. Softness across the safety & sensing technologies businesses hurts results.

Honeywell announces a plan to break into three companies. It also reports solid fourth-quarter earnings. Honeywell, one of the last remaining U.S. industrial conglomerates, will split into three independent companies,