BME:VIS 15 October 2025

June 10, 2026, 3:36 PM EDT. Honeywell shares fell 3.6% to around $208 as investors weighed the aerospace spin-off set for June 29. Barclays cut its price target to $239 from $251, citing a softer near-term cash flow outlook, while Bernstein initiated coverage with a $233 target at Market Perform. The spin-off will distribute one Honeywell Aerospace share for every two Honeywell shares owned, with Honeywell retaining automation-focused operations. A 1-for-2 reverse stock split is also planned, halving the outstanding shares without changing economic value. Honeywell's 2026 guidance holds steady with $38.8-$39.8 billion sales and $10.35-$10.65 adjusted earnings per share. Investors await the June 11 investor day and June 15 record date for further clarity on the company's post-spin valuation.