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Honeywell International ( (HON) ) has issued an announcement.
On March 3, 2026, Honeywell announced that Honeywell Aerospace Inc., its Delaware-based aerospace and defense subsidiary, filed a Form 10 registration statement with the U.S. Securities and Exchange Commission for a planned spin-off into an independent, publicly traded company listed on Nasdaq under the ticker “HONA.” The move is part of Honeywell’s broader portfolio transformation aimed at sharpening strategic focus, improving organizational agility and aligning capital allocation.
The Form 10 outlines Honeywell Aerospace as a pure-play aerospace and defense company targeting net sales of $17.4 billion, pro forma net income of $1.5 billion and pro forma Adjusted EBIT of $4.3 billion in 2025, organized into Electronic Solutions, Engines & Power Systems and Control Systems segments. Management expects the spin-off, intended to be tax-free for Honeywell shareholders in the U.S., to be completed in the third quarter of 2026, with an Investor Day set for June 3, 2026 in Phoenix to detail strategy, growth prospects and financial outlook, signaling a significant change in Honeywell’s structure and a bid to unlock value for customers, employees and investors.
The most recent analyst rating on (HON) stock is a Buy with a $293.00 price target. To see the full list of analyst forecasts on Honeywell International stock, see the HON Stock Forecast page.
Spark’s Take on HON Stock
According to Spark, TipRanks’ AI Analyst, HON is a Outperform.
HON scores 70 primarily on solid financial performance and a constructive 2026 outlook backed by strong orders/backlog and expected margin and cash-flow improvement. The score is held back by higher leverage and a recent step-down in profits, plus a premium valuation and somewhat overextended technical momentum.
To see Spark’s full report on HON stock, click here.
More about Honeywell International
Honeywell International Inc. is an integrated operating company serving aerospace, building automation, industrial automation, process automation and process technology markets worldwide. Its portfolio, underpinned by the Honeywell Accelerator operating system and Honeywell Forge platform, provides mission-critical solutions that aim to make operations smarter, safer, more secure and more sustainable across a broad range of industries and geographies.
Honeywell Aerospace, currently a wholly owned subsidiary, focuses on mission-critical, integrated systems and technologies for commercial air transport, business aviation, and defense and space. The business spans avionics, navigation, sensors, propulsion, auxiliary power, electric power, thermal management and motion control systems, positioning it as a major supplier to both current and next-generation aerospace and defense platforms.
Average Trading Volume: 4,236,385
Technical Sentiment Signal: Buy
Current Market Cap: $157.7B
See more insights into HON stock on TipRanks’ Stock Analysis page.