Honeywell Aerospace Spin-Off Set for June 29
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: stocktwits
- Spin-Off Announcement: Honeywell plans to distribute shares of its Aerospace unit on June 29, allowing shareholders to receive one share of the new company for every two shares of HON held as of the record date on June 15, thus enabling direct participation in the growth of the aerospace business.
- Trading Arrangement: The newly formed Honeywell Aerospace is expected to trade on Nasdaq under the ticker “HONA,” while Honeywell will continue trading as “HON,” with the spin-off aimed at allowing the aerospace unit to focus on opportunities in both commercial and defense markets.
- Reverse Stock Split: Following the spin-off, Honeywell will execute a 1-for-2 reverse stock split, reducing outstanding shares from approximately 634 million to about 317 million, a move intended to enhance earnings per share and optimize capital structure.
- Analyst Rating Upgrade: RBC Capital raised its price target on Honeywell from $268 to $275 while maintaining an ‘Outperform’ rating, with expectations that the upcoming Investor Day will provide positive updates, driving the company towards a 20% EBITA margin in Industrial Automation.
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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: 217.640
Low
195.00
Averages
235.07
High
262.00
Current: 217.640
Low
195.00
Averages
235.07
High
262.00
About HON
Honeywell International Inc. is an integrated operating company serving a range of industries and geographies around the world, with a portfolio that is underpinned by its Honeywell Accelerator operating system and Honeywell Forge platform. The Company provides actionable solutions for aerospace, building automation, industrial automation, process automation, and process technology. The Company supplies products, software, and services for aircrafts that it sells to original equipment manufacturers (OEM) and other customers in a variety of end markets. The Company’s portfolio of solutions and services is used in buildings worldwide for fire prevention, controls, access and security. Its offerings serve as the fundamental building blocks of industrial automation. Its sensor technologies and value-added smart edge devices offer connectivity across a variety of sensing and measurement applications. The Company offers a comprehensive portfolio of end-to-end process automation solutions.
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.
Honeywell Aerospace Spin-Off Plan Announced
- Record Date Set: Honeywell has announced a record date of June 15, 2026, for the spin-off of Honeywell Aerospace, with shareholders receiving one share of aerospace stock for every two shares of Honeywell common stock owned, enhancing long-term shareholder value.
- Trading Arrangements: Following the spin-off, Honeywell Aerospace common stock is expected to begin trading on Nasdaq under the ticker symbol 'HONA' on June 29, 2026, marking a significant step in the company's independent growth in the aerospace sector and improving market competitiveness.
- Reverse Stock Split: Honeywell also announced a 1-for-2 reverse stock split, expected to reduce the number of outstanding shares from approximately 634 million to 317 million, aimed at optimizing capital structure and enhancing earnings per share, thereby boosting investor confidence.
- Tax Implications: The spin-off is anticipated to be tax-free for Honeywell shareholders for U.S. federal income tax purposes, except for cash received for fractional shares, further attracting investor interest in the company's future growth potential.
See More
Honeywell Aerospace Spin-Off Set for June 29
- Spin-Off Announcement: Honeywell plans to distribute shares of its Aerospace unit on June 29, allowing shareholders to receive one share of the new company for every two shares of HON held as of the record date on June 15, thus enabling direct participation in the growth of the aerospace business.
- Trading Arrangement: The newly formed Honeywell Aerospace is expected to trade on Nasdaq under the ticker “HONA,” while Honeywell will continue trading as “HON,” with the spin-off aimed at allowing the aerospace unit to focus on opportunities in both commercial and defense markets.
- Reverse Stock Split: Following the spin-off, Honeywell will execute a 1-for-2 reverse stock split, reducing outstanding shares from approximately 634 million to about 317 million, a move intended to enhance earnings per share and optimize capital structure.
- Analyst Rating Upgrade: RBC Capital raised its price target on Honeywell from $268 to $275 while maintaining an ‘Outperform’ rating, with expectations that the upcoming Investor Day will provide positive updates, driving the company towards a 20% EBITA margin in Industrial Automation.
See More
Honeywell Announces Aerospace Spin-Off Plan
- 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.
See More
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- AI Outlook Uncertainty: The AI trade began to wobble after Broadcom failed to raise its 2026 and 2027 AI semiconductor revenue outlook, which has raised widespread concerns in the market, although we believe the company remains conservative in its projections.
- Defensive Stocks Shine: In the context of potential economic slowdown due to rising interest rates, defensive stocks like Procter & Gamble rose over 4%, demonstrating their earnings are generally less sensitive to economic cycles, thus performing well amid market volatility.
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- Chip Stock Investment Opportunity: Jim Cramer highlighted that despite the tech sector's pullback, this presents a good opportunity to buy chip stocks, particularly Intel, which fell 6% on Friday, indicating that confidence in the sector remains strong.
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- Job Market Data: Economists expect May's nonfarm payrolls to increase by 80,000, a slowdown from the average of 150,000 seen in the previous two months; however, stronger-than-expected private payrolls and job openings could influence market sentiment positively.
- Quantum Computing IPO: Quantinuum's debut on Nasdaq concluded with a market value of $15.7 billion, and while the market reaction was muted, the CEO emphasized the growing need for quantum computing resources, indicating potential future demand in various sectors.
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Honeywell Aerospace Spin-Off Plan Announced
- Record Date Set: Honeywell has announced a record date of June 15, 2026, for the spin-off of Honeywell Aerospace, with shareholders receiving one share of aerospace stock for every two shares of Honeywell common stock owned, enhancing long-term shareholder value.
- Trading Arrangements: Following the spin-off, Honeywell Aerospace common stock is expected to begin trading on Nasdaq under the ticker symbol 'HONA' on June 29, 2026, marking a significant step in the company's independent growth in the aerospace sector and improving market competitiveness.
- Reverse Stock Split: Honeywell also announced a 1-for-2 reverse stock split, expected to reduce the number of outstanding shares from approximately 634 million to 317 million, aimed at optimizing capital structure and enhancing earnings per share, thereby boosting investor confidence.
- Tax Implications: The spin-off is anticipated to be tax-free for Honeywell shareholders for U.S. federal income tax purposes, except for cash received for fractional shares, further attracting investor interest in the company's future growth potential.
See More
Honeywell Aerospace Spin-Off Set for June 29
- Spin-Off Announcement: Honeywell plans to distribute shares of its Aerospace unit on June 29, allowing shareholders to receive one share of the new company for every two shares of HON held as of the record date on June 15, thus enabling direct participation in the growth of the aerospace business.
- Trading Arrangement: The newly formed Honeywell Aerospace is expected to trade on Nasdaq under the ticker “HONA,” while Honeywell will continue trading as “HON,” with the spin-off aimed at allowing the aerospace unit to focus on opportunities in both commercial and defense markets.
- Reverse Stock Split: Following the spin-off, Honeywell will execute a 1-for-2 reverse stock split, reducing outstanding shares from approximately 634 million to about 317 million, a move intended to enhance earnings per share and optimize capital structure.
- Analyst Rating Upgrade: RBC Capital raised its price target on Honeywell from $268 to $275 while maintaining an ‘Outperform’ rating, with expectations that the upcoming Investor Day will provide positive updates, driving the company towards a 20% EBITA margin in Industrial Automation.
See More
Honeywell Announces Aerospace Spin-Off Plan
- 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.
See More
Tech Stocks Plunge, Ending S&P 500's Winning Streak
- Market Pullback: On Friday, the S&P 500 fell by about 2%, ending a nine-week winning streak primarily due to a sharp sell-off in technology and AI infrastructure stocks, with the Nasdaq dropping approximately 3%, marking its worst day since October.
- AI Outlook Uncertainty: The AI trade began to wobble after Broadcom failed to raise its 2026 and 2027 AI semiconductor revenue outlook, which has raised widespread concerns in the market, although we believe the company remains conservative in its projections.
- Defensive Stocks Shine: In the context of potential economic slowdown due to rising interest rates, defensive stocks like Procter & Gamble rose over 4%, demonstrating their earnings are generally less sensitive to economic cycles, thus performing well amid market volatility.
- Key Upcoming Events: Next week features several significant events, including Honeywell's 2026 guidance update and Apple's Worldwide Developers Conference, where a new version of the Siri personal assistant is expected to be announced, while SpaceX is set to go public in what will be the largest IPO in history, drawing considerable market attention.
See More
US Stocks Retreat as Tech Sector Faces Pressure
- Job Data Impact: Non-farm payrolls rose by 172,000 in May, exceeding expectations, while the unemployment rate held steady at 4.3%, leading to increased Treasury yields and heightened market expectations for a rate hike, negatively impacting stocks.
- Chip Stock Investment Opportunity: Jim Cramer highlighted that despite the tech sector's pullback, this presents a good opportunity to buy chip stocks, particularly Intel, which fell 6% on Friday, indicating that confidence in the sector remains strong.
- CrowdStrike Stock Decline: CrowdStrike's stock fell another 3.4% on Friday, with the CEO stating that expectations for earnings boosts from Anthropic's AI model are premature; Jim believes this pullback offers a buying opportunity for new investors, anticipating significant growth this quarter.
- Upcoming IPOs: SpaceX's IPO is set for next Friday, and although the S&P announced no index adjustments, Jim remains cautious about investors potentially selling existing holdings to make room for SpaceX, especially with Anthropic and OpenAI IPOs also on the horizon.
See More
Lululemon Shares Drop 10% Amid Outlook Downgrade
- Lululemon Stock Decline: Shares of Lululemon fell 10% before the market opened due to lackluster product launches and negative media coverage, which directly impacted investor confidence and led the company to lower its full-year outlook.
- Job Market Data: Economists expect May's nonfarm payrolls to increase by 80,000, a slowdown from the average of 150,000 seen in the previous two months; however, stronger-than-expected private payrolls and job openings could influence market sentiment positively.
- Quantum Computing IPO: Quantinuum's debut on Nasdaq concluded with a market value of $15.7 billion, and while the market reaction was muted, the CEO emphasized the growing need for quantum computing resources, indicating potential future demand in various sectors.
- Biotech Stocks Surge: Following the detection of the New World screwworm in Texas, biotech companies Zoetis and Elanco Animal Health saw their stocks rise in yesterday's session, reflecting increased market interest and demand for animal health products.
See More
