Honeywell (HON) Stock Is About to Become Two — What Investors Need to Know

TLDR

• Honeywell reaffirmed full-year 2026 sales guidance of $38.8B–$39.8B and EPS of $10.35–$10.65
• The aerospace division will spin off on June 29, trading as “HONA”
• Post-spinoff Honeywell Technologies guided for $19.9B–$20.2B in 2026 sales and EPS of $3.95–$4.15
• Investors will receive one HONA share for every two HON shares held
• HON stock was down 0.4% to $214.91 on Monday, but is up 10% year-to-date

Honeywell is weeks away from one of the bigger corporate restructurings in recent memory. The industrial giant confirmed Monday it is on track to spin off its aerospace division on June 29, splitting into two separate publicly traded companies.

Honeywell International Inc., HON

Management used Monday’s update to reaffirm full-year 2026 guidance. Honeywell still expects sales of $38.8 billion to $39.8 billion and adjusted EPS of $10.35 to $10.65, representing growth of 6% to 9% year over year. Wall Street was projecting $39.4 billion in sales and $10.52 EPS, so no curveballs there.

HON stock was trading at $214.91, down 0.4%, while the S&P 500 was up 0.9% on the same day. The stock is up 10% so far in 2026 but essentially flat over the past 12 months.

The aerospace business will trade under the ticker “HONA” and is expected to post roughly $19.3 billion in 2026 sales with operating profit around $4.9 billion. At last week’s investor event, Honeywell Aerospace management guided for stand-alone operating profit between $4.7 billion and $4.8 billion, with a target of more than $6.5 billion by 2030.

For every two Honeywell shares held, investors will receive one share of HONA. The new stock is expected to begin trading on a when-issued basis about one to two weeks before the official June 29 date.

What Honeywell Technologies Looks Like After the Split

The remaining company, Honeywell Technologies, will keep the “HON” ticker. It guided for full-year 2026 sales of $19.9 billion to $20.2 billion and adjusted EPS of $3.95 to $4.15, with organic sales growth of 2% to 3%.

That guidance excludes results from the aerospace segment and factors in planned divestitures and the pending Johnson Matthey Catalyst Technologies acquisition, expected to close in Q3. Honeywell cut the price of that deal from $2.42 billion to $1.79 billion earlier this year after the catalyst unit’s performance fell short.

In April, Honeywell announced the $1.4 billion sale of its productivity solutions and services business to Brady, covering barcode scanners, mobile computers and related software.

Long-Term Targets Still to Come

Honeywell Technologies will lay out its long-term financial goals at a separate investor event on Thursday, so there’s more detail still to come on what the automation-focused company will look like as a standalone.

This past fall, Honeywell had already spun off its advanced materials unit as Solstice Advanced Materials. The aerospace split was accelerated earlier this year after CEO Vimal Kapur pointed to progress on the company’s portfolio restructuring.

The June 29 completion date remains on schedule.

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