Honeywell completes spin-off of Solstice Advanced Materials

CHARLOTTE - Honeywell (NASDAQ:HON) announced Thursday it has completed the spin-off of its Advanced Materials business, now operating as Solstice Advanced Materials. Shares of Solstice will begin trading on the Nasdaq Stock Market under the ticker symbol "SOLS" effective at market opening today. The industrial conglomerate, currently valued at $135.16 billion, has seen its stock trading at $212.89, with analysts setting price targets ranging from $210 to $290.

The spin-off was executed through a distribution of all outstanding Solstice common stock to Honeywell shareholders of record, with investors receiving one share of Solstice common stock for every four shares of Honeywell common stock held as of October 17, 2025. For Honeywell investors, this adds to the company’s shareholder-friendly policies, which include a 2.37% dividend yield and a 15-year streak of consecutive dividend increases. InvestingPro analysis shows Honeywell is currently trading slightly below its Fair Value, suggesting potential upside for long-term investors.

"The completion of this spin-off marks a major advancement in Honeywell’s transformation to become three independent, industry-leading companies with distinct strategies and growth drivers," said Vimal Kapur, Chairman and Chief Executive Officer of Honeywell, according to the company’s press release.

This transaction represents the first step in Honeywell’s previously announced plan to create three separate companies. The company stated that the separation of its Automation and Aerospace businesses remains on schedule for completion in the second half of 2026.

Honeywell will continue trading on the Nasdaq under its existing "HON" ticker symbol. Shareholders who would have received fractional shares in the distribution will instead receive cash in lieu of those shares.

The spin-off is part of Honeywell’s broader strategy to create more focused businesses that can potentially deliver greater value to shareholders. According to the company statement, the restructuring aims to position each entity to better address customer needs in their respective markets.

In other recent news, Honeywell International reported robust third-quarter results for 2025, surpassing both earnings and revenue expectations. The company achieved an adjusted earnings per share of $2.82, which was higher than the anticipated $2.56, and generated $10.4 billion in revenue, exceeding the forecasted $10.13 billion. Additionally, RBC Capital upgraded Honeywell’s stock rating from Sector Perform to Outperform. This upgrade was accompanied by an increase in the price target to $253.00 from $235.00. RBC Capital’s decision was influenced by what they described as a "solid" third quarter and the expectation of a "catalyst-rich phase" as Honeywell plans to separate its Aerospace and Automation businesses in the second half of 2026. These developments indicate significant changes and expectations for Honeywell’s future trajectory.

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