Honeywell's Board has finalized a plan to split into two independent public companies by June 29, 2026: Honeywell Technologies (Automation) and Honeywell Aerospace. The aerospace entity will trade on Nasdaq under the ticker HONA, with a reverse stock split occurring concurrently with the spin-off. Additionally, Honeywell's Quantinuum unit successfully raised $1.68 billion in an IPO priced above its initial range. The company reaffirmed its 2026 full-year guidance, projecting total sales between $38.8 billion and $39.8 billion.
BMO Capital maintains a Buy rating on Honeywell with a $253 price target, citing more predictable sales growth following its recent corporate spinoff.
Read the full storyHoneywell pivots toward industrial automation growth following its aerospace spin-off, as analysts weigh a lower valuation against near-term operational headwinds.
Honeywell finalized its strategic spin-off on June 29, 2026, creating four independent listed entities to unlock long-term shareholder value.
The separation creates Honeywell Technologies as a standalone pure-play automation firm, unlocking shareholder value as part of a strategic restructuring.
Honeywell Technologies completed the spin-off of its aerospace unit, with Honeywell Aerospace trading under HONA, while the parent continues as HON on Nasdaq.
The industrial giant plans to list its Aerospace division as a standalone company to simplify its portfolio while maintaining long-term growth targets.
Honeywell's board has officially approved the spin-off of its Aerospace business into an independent public entity, scheduled for launch on June 29, 2026.
The company will rebrand as Honeywell Technologies to focus on industrial automation following the completion of the spin-off on June 29, 2026.
Bernstein initiated Honeywell with a Market Perform rating as the industrial giant prepares to spin off its aerospace unit by June 2026.
Honeywell confirmed its 2026 sales guidance of up to $39.8 billion and scheduled the Honeywell Aerospace spinoff for June 29, 2026.
The Board set June 15 as the record date for the spin-off, with the new entity HONA expected to debut on Nasdaq by late June.
The Honeywell quantum computing spin-off priced its shares at $60, topping its initial range amid robust institutional demand.
Honeywell is spinning off its aerospace division into a standalone public entity while successfully completing the IPO of its quantum computing unit.
The company plans to spin off its aerospace business into a separate entity to drive focused strategies and leverage its $18 billion brand value.