NEW YORK, June 27, 2026, 11:04 (EDT)
- Honeywell NASDAQ:HON ended Friday up 0.42% at $232.21. U.S. markets were closed Saturday, with a four-day trading week coming up.
- Honeywell shareholders are looking at a split where every two old shares will convert to one share in the new Honeywell parent and one Honeywell Aerospace NASDAQ:HONA share. At Monday’s open, that pair of shares is valued at $464.42.
- Honeywell Aerospace is set to enter both the S&P 500 and S&P 100. The parent company, now called Honeywell Technologies, stays in the S&P 500 and also keeps its spot in the Dow Jones Industrial Average.
Honeywell International Inc. NASDAQ:HON is going into the new week with a stock chart that is about to split into two lines, so Friday’s closing price won’t be as relevant as the combined package price that shareholders will get on Monday.
Honeywell finished Friday at $232.21, 97 cents higher for a gain of 0.42%. The S&P 500 edged down 0.05% and the Dow dipped 0.09%. On the week, the S&P 500 dropped 2% with the Dow up 0.6%. That left Honeywell’s corporate action standing out for event desks.
Honeywell’s number is $464.42 — that’s what two old Honeywell shares were worth at Friday’s close. The deal gives holders of two shares the right to get one Honeywell Aerospace share. After that, Honeywell will fold those two shares into one through a 1-for-2 reverse split. The company said the move will lower outstanding parent shares from about 634 million to around 317 million.
Monday brings a basic test: take one Honeywell Technologies share and one Honeywell Aerospace share after the split, and stack that pair up against the original $464.42 value. The Aerospace distribution ratio and the parent’s reverse split both key off two old shares, so share counts for both lines should land close to each other. Every $1 shift in either stock comes out to about $317 million of equity value.
Honeywell Aerospace NASDAQ:HONA is getting into the S&P 500 and the S&P 100 starting Monday, June 29, S&P Dow Jones Indices said. The parent company, which will be called Honeywell Technologies, is staying in the S&P 500. But in the S&P 100, Honeywell Aerospace is taking the slot from Honeywell International before the market opens on Tuesday. Conagra Brands Inc. NYSE:CAG is dropping from the S&P 500.
Alphabet Inc. NASDAQ:GOOGL is set to join the Dow on Monday, taking the slot from Verizon Communications Inc. NYSE:VZ. The Dow divisor gets changed ahead of the open. S&P Dow Jones Indices says Honeywell will stay in the Dow but as Honeywell Technologies, dropping Honeywell Aerospace from the mix.
Nasdaq started pricing the split ahead of time. The standard Honeywell listing, HON, traded including the future Aerospace shares. HONIV traded as the ex-distribution line, so it’s the parent stock minus the Aerospace rights. HONAV acted as the Aerospace when-issued stock, set to list as HONA starting Monday. Honeywell’s stock page described HONIV as the post-split parent line, not entitled to Aerospace shares.
Honeywell’s business split gives a divided outlook. The company kept its 2026 adjusted profit target at $10.35 to $10.65 a share and sees revenue between $38.8 billion and $39.8 billion. For Honeywell Technologies, the 2026 guide is $3.95 to $4.15 a share in adjusted profit, revenue from $19.9 billion to $20.2 billion, and around $2 billion in free cash flow.
Honeywell Aerospace is guiding for 7% to 9% sales growth in 2026 and sees EBIT landing between $4.6 billion and $4.7 billion. The company expects second-half free cash flow of $1 billion to $1.5 billion. Looking further out, Honeywell is targeting annual sales growth of 6% to 8% and free cash flow above $4 billion by 2030. Backlog reached $19 billion, 20% higher than last year.
Honeywell Aerospace CEO Jim Currier told Reuters the break-up removes distractions from the conglomerate side. “All of the distractions that occur as part of a conglomerate are eliminated,” he said. He added that money could flow to suppliers when needed, and “not just within our own four walls.” Reuters
Supplier risk is a key issue for the stock. Jefferies analyst Sheila Kahyaoglu, cited by Reuters, said Honeywell Aerospace may not get the same access as rivals to key suppliers like those for castings and forgings. She also pointed out that Honeywell’s investment has lagged some peers.
Honeywell’s near-term focus is on automation demand and M&A. The company has targeted $2 billion to $4 billion for industrial automation deals. CEO Vimal Kapur told investors this month that Honeywell had “very high conviction” conflict in the Middle East will not hit the second half, as long as there’s “no significant re-escalation.” Reuters
Short week. Nasdaq won’t trade July 3 for the Independence Day holiday, so markets get Monday’s openings with HONA and the split form of HON, plus Tuesday’s S&P 100 change. That’s about it before the long break.
