Honeywell Sets Aerospace Spin-Off and Reverse Split
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Honeywell International ( (HON) ) has provided an update.
On June 5, 2026, Honeywell’s board set June 15, 2026 as the record date for the spin-off of its Aerospace Technologies business into Honeywell Aerospace Inc., with shareowners to receive one Honeywell Aerospace share for every two Honeywell shares as of that date. The distribution is expected to occur at 12:01 a.m. on June 29, 2026, when Honeywell Aerospace is slated to start trading on Nasdaq under the ticker “HONA,” creating a standalone aerospace supplier aimed at accelerating innovation and value creation in commercial and defense markets.
Honeywell also confirmed it will implement a 1-for-2 reverse stock split and proportionate authorized share reduction at 12:02 a.m. on June 29, 2026, contingent on completion of the spin-off, cutting outstanding Honeywell shares from about 634 million to roughly 317 million. The moves, which include separate “when-issued” and “ex distribution” trading periods, are intended to recalibrate Honeywell’s capital structure and clarify the valuation of the two independent companies for investors while preserving Honeywell’s Nasdaq listing under the symbol “HON.”
The most recent analyst rating on (HON) stock is a Buy
with a $273.00 price target.
To see the full list of analyst forecasts on Honeywell International stock,
see the HON Stock Forecast page.
Spark’s Take on HON Stock
According to Spark, TipRanks’ AI Analyst, HON is a Neutral.
The score reflects solid core profitability but meaningful balance-sheet leverage and a weakening recent cash-flow trend as the main constraints. Technicals are constructive with price above key moving averages and positive MACD, providing support despite stretched momentum indicators. Valuation is the largest offset due to a high P/E with only a modest dividend yield, while the latest earnings call supports a moderate uplift via reaffirmed guidance and strong backlog tempered by near-term headwinds and timing risks.
To see Spark’s full report on HON stock,
click here.
More about Honeywell International
Honeywell International Inc. is an integrated operating company serving aerospace, building automation, industrial automation and process industries worldwide, supported by its Honeywell Accelerator operating system and Honeywell Forge platform. The business provides mission-critical technologies and automation solutions aimed at making operations smarter, safer and more sustainable across a broad set of commercial and industrial markets.
Honeywell Aerospace Inc., the unit being separated, is a global tier-1 aerospace and defense supplier providing mission-critical electronic solutions, engines and power systems, and control systems. Its technologies serve OEMs, government and defense prime contractors, and aircraft operators across commercial air transport, defense and space, and business aviation end markets, positioning the spin-off as a focused pure-play aerospace company.
Average Trading Volume: 4,115,175
Technical Sentiment Signal: Buy
Current Market Cap: $141.5B
Find detailed analytics on HON stock on TipRanks’ Stock Analysis page.
