Place the baby carrots and water in a large skillet over medium-high heat. Cover and cook for 8-10 minutes, stirring occasionally, until carrots are tender when pierced with a fork.
Remove the lid and allow any remaining water to evaporate completely.
Reduce heat to medium and add the butter, honey, cinnamon, and salt to the skillet. Stir constantly to coat the carrots evenly as the butter melts and combines with the honey.
Continue cooking for 3-5 minutes, stirring frequently, until the glaze thickens and coats the carrots beautifully. Serve immediately.