Honeywell Aerospace completes spin-off, begins trading on Nasdaq with new leadership and major index entry

Simply Wall St··Read original
3▲0 ▼0Impact / 5
Summary · why it matters

Honeywell Aerospace has completed its spin-off from Honeywell International and is now trading independently on the Nasdaq under the ticker HONA. The company has joined several major stock indices, including the S&P 500, NASDAQ Composite, and a range of Russell and FTSE indices. New leadership appointments include President and CEO Jim Currier and Board Chair Craig Arnold. The stock is priced at $227.29, up 13.6% year to date but down 7.2% over the past week. Analysts note that the company carries a high level of debt and negative shareholders' equity, while shares are currently highly illiquid, though earnings are forecast to grow 11.38% per year.

Impact on assets 2

Defense & Geopolitical Fragmentation▲
Honeywell Aerospace Inc
HONA
± MixedCapitalrelevance

The spin-off and listing are capital events, but the article notes high debt, negative equity, illiquidity, and mixed price performance, making the net impact unclear.

Smart City / Autonomous Infrastructure▲
Honeywell International Inc
HON
± MixedCapitalrelevance

Honeywell International completed the spin-off of its aerospace unit, which is a capital event, but the article focuses on the new entity, not the parent.