Honeywell Announces Aerospace Spin-Off Plan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 05 2026
0mins
Source: PRnewswire
- Spin-Off Date Set: Honeywell's Board of Directors has established June 15, 2026, as the record date for the spin-off of its Aerospace business, with a distribution expected on June 29, 2026, at a ratio of one share of Aerospace stock for every two shares of Honeywell common stock, marking a significant restructuring step for the company.
- Independent Trading Launch: Aerospace common stock is set to begin trading on Nasdaq under the ticker symbol 'HONA' on June 29, 2026, providing Honeywell Aerospace with an independent capital market platform that enhances its competitive position in the aerospace sector.
- Reverse Stock Split: Honeywell also announced a 1-for-2 reverse stock split, expected to reduce the outstanding shares from approximately 634 million to about 317 million, aimed at improving earnings per share and optimizing capital structure to boost investor confidence.
- Tax Implications Clarified: The spin-off is expected to be tax-free for Honeywell shareholders for U.S. federal income tax purposes, except for cash received for fractional shares, which will help attract more investors to focus on the company's long-term value creation potential.
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Analyst Views on HON
Wall Street analysts forecast HON stock price to rise
15 Analyst Rating
8 Buy
6 Hold
1 Sell
Moderate Buy
Current: 231.180
Low
195.00
Averages
235.07
High
262.00
Current: 231.180
Low
195.00
Averages
235.07
High
262.00
About HON
Honeywell International Inc. is a global, pure-play automation company. The Company serves the building, industrial, and process sectors with a portfolio of services, solutions, and products supported by its Honeywell Technologies Accelerator operating system and Honeywell Technologies Forge intelligence layer. It provides solutions in Building Automation, Process Automation and Technology and Industrial Automation segments across refineries, mines, plants, power grids, data centers, hospitals and others. Its Building Automation segment develops the products, software, solutions and technologies that enable building owners and occupants to ensure their facilities are safe and energy efficient. Its Process Automation and Technology segment provides end-to-end automation and technology solutions. Its industrial automation solutions that deliver sustainable and secure operations for customers in the refining, petrochemicals, life sciences, utilities and warehouse and logistics segments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Honeywell Technologies Performance: According to the latest financial data, Honeywell Technologies achieved a 3.5% revenue growth and a 7% earnings per share growth in 2025, with management guiding for potential double-digit earnings growth in its core business, indicating stability and growth potential.
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See More
