We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Honeywell Advances Aerospace Spin-Off, Reverse Split Plan
Read MoreHide Full Article
Key Takeaways
Honeywell plans to complete its Aerospace spinoff on June 29, 2026, creating an independent public company.
Honeywell shareholders of record June 15 get one Aerospace share for every two common shares held.
Honeywell also plans a 1-for-2 reverse stock split, pending completion of the Aerospace separation.
Honeywell International Inc. (HON - Free Report) has taken a major step toward separating its Aerospace business. The spinoff is scheduled to be completed on June 29, 2026, after which Honeywell Aerospace will operate as an independent public company.
The Aerospace business is a provider of integrated avionics, engines, systems and service solutions for aircraft manufacturers, airlines, business and general aviation, military, space and airport operations. It develops laser communication products for satellite communication.
Inside the Headlines
Honeywell plans to allocate all outstanding shares of Honeywell Aerospace common stock to its shareholders on June 29, 2026. Shareholders of record as of June 15, 2026, will receive one share of Honeywell Aerospace for every two shares of Honeywell common stock they hold. The separation will take place once all specified conditions under the U.S. Securities and Exchange Commission filing are met.
At the first instance, Honeywell Aerospace shares are likely to commence trading on a "when-issued’’ basis on Nasdaq under the symbol "HONAV" on or about June 15, 2026. However, regular-way trading under the ticker "HONA" is expected to start on June 29, 2026. Honeywell shares are expected to trade in two markets, under the regular ticker "HON" with the right to receive Honeywell Aerospace shares and under the ticker "HONIV" without that right.
Also, HON announced plans to proceed with a one-for-two reverse stock split, contingent upon the completion of the Aerospace spin-off. The move will reduce the company's outstanding shares from roughly 634 million to approximately 317 million, while maintaining its Nasdaq listing under the ticker "HON." The separation and related corporate actions are expected to restructure Honeywell's portfolio, enhance strategic focus and support long-term value creation for shareholders.
HON’s Zacks Rank
Solid demand for its products and solutions, led by increasing building projects, particularly in North America, will likely be beneficial for HON’s Building Automation segment. Increasing order rates and capex investments in data centers and health care projects bode well for it.
In the past six months, this Zacks Rank #3 (Hold) company’s shares have risen 12.5% against the industry’s 3.6% decline.
Image Source: Zacks Investment Research
However, weakness in the Process Automation and Technology segment, due to lower petrochemical catalyst shipments, is worrisome. Also, the company has been dealing with increasing operating costs, which might hurt its margins and profitability.
GPGI delivered a trailing four-quarter average earnings surprise of 25.6%. In the past 60 days, the Zacks Consensus Estimate for GPGI’s 2026 earnings has increased 20.3%.
ITT Inc. (ITT - Free Report) presently carries a Zacks Rank #2 (Buy). It has a trailing four-quarter average earnings surprise of 5.8%.
The Zacks Consensus Estimate for ITT’s 2026 earnings has increased 8.1% in the past 60 days.
Griffon Corporation (GFF - Free Report) presently carries a Zacks Rank of 2. GFF delivered a trailing four-quarter average earnings surprise of 3.3%.
In the past 60 days, the consensus estimate for Griffon’s 2026 earnings has increased 2.6%.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Honeywell Advances Aerospace Spin-Off, Reverse Split Plan
Key Takeaways
Honeywell International Inc. (HON - Free Report) has taken a major step toward separating its Aerospace business. The spinoff is scheduled to be completed on June 29, 2026, after which Honeywell Aerospace will operate as an independent public company.
The Aerospace business is a provider of integrated avionics, engines, systems and service solutions for aircraft manufacturers, airlines, business and general aviation, military, space and airport operations. It develops laser communication products for satellite communication.
Inside the Headlines
Honeywell plans to allocate all outstanding shares of Honeywell Aerospace common stock to its shareholders on June 29, 2026. Shareholders of record as of June 15, 2026, will receive one share of Honeywell Aerospace for every two shares of Honeywell common stock they hold. The separation will take place once all specified conditions under the U.S. Securities and Exchange Commission filing are met.
At the first instance, Honeywell Aerospace shares are likely to commence trading on a "when-issued’’ basis on Nasdaq under the symbol "HONAV" on or about June 15, 2026. However, regular-way trading under the ticker "HONA" is expected to start on June 29, 2026. Honeywell shares are expected to trade in two markets, under the regular ticker "HON" with the right to receive Honeywell Aerospace shares and under the ticker "HONIV" without that right.
Also, HON announced plans to proceed with a one-for-two reverse stock split, contingent upon the completion of the Aerospace spin-off. The move will reduce the company's outstanding shares from roughly 634 million to approximately 317 million, while maintaining its Nasdaq listing under the ticker "HON." The separation and related corporate actions are expected to restructure Honeywell's portfolio, enhance strategic focus and support long-term value creation for shareholders.
HON’s Zacks Rank
Solid demand for its products and solutions, led by increasing building projects, particularly in North America, will likely be beneficial for HON’s Building Automation segment. Increasing order rates and capex investments in data centers and health care projects bode well for it.
In the past six months, this Zacks Rank #3 (Hold) company’s shares have risen 12.5% against the industry’s 3.6% decline.
Image Source: Zacks Investment Research
However, weakness in the Process Automation and Technology segment, due to lower petrochemical catalyst shipments, is worrisome. Also, the company has been dealing with increasing operating costs, which might hurt its margins and profitability.
Stocks to Consider
Better-ranked companies are discussed below.
GPGI, Inc. (GPGI - Free Report) currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
GPGI delivered a trailing four-quarter average earnings surprise of 25.6%. In the past 60 days, the Zacks Consensus Estimate for GPGI’s 2026 earnings has increased 20.3%.
ITT Inc. (ITT - Free Report) presently carries a Zacks Rank #2 (Buy). It has a trailing four-quarter average earnings surprise of 5.8%.
The Zacks Consensus Estimate for ITT’s 2026 earnings has increased 8.1% in the past 60 days.
Griffon Corporation (GFF - Free Report) presently carries a Zacks Rank of 2. GFF delivered a trailing four-quarter average earnings surprise of 3.3%.
In the past 60 days, the consensus estimate for Griffon’s 2026 earnings has increased 2.6%.