Honeywell Finalizes Aerospace Spin-Off Dates, Announces 1-for-2 Reverse Stock Split
HON is trading near its 52-week low of $186.76 (14% above the low).
Summary
Honeywell's Board has set June 15, 2026, as the record date for the spin-off of Honeywell Aerospace, with the distribution expected on June 29. Shareholders will receive one share of Honeywell Aerospace for every two shares of Honeywell common stock. Concurrently, Honeywell will execute a 1-for-2 reverse stock split, reducing outstanding shares from approximately 634 million to 317 million. This announcement provides definitive mechanics and timing for the previously disclosed strategic separation and capital restructuring. Honeywell Aerospace is expected to begin trading on Nasdaq under the ticker "HONA" on June 29.
At the time of this announcement, HON was trading at $213.79 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $135.6B. The 52-week trading range was $186.76 to $248.18. This news item was assessed with neutral market sentiment and an importance score of 9 out of 10. Source: PR Newswire.