Honeywell Stock Finds Footing After Aerospace Spin-Off Sets New Reference Price

Honeywell International Inc.'s (HON) stock has been trading steadily after its aerospace spin-off, which set a new reference price of $164.73 per share as of August 24, 2026, and a market capitalization of $52.21 billion.

This follows a recent 12-month trading range between $150.03 and $297.50, indicating that the current stock price is closer to the lower end of this range.

Despite the spin-off, investors are still assigning significant value to Honeywell Aerospace, with institutional investors building positions in the newly separated company at opening levels of $161.20 on August 25, 2026.

The consensus rating for Honeywell Aerospace is Hold, with an average price target of $224.17, implying upside of more than $60 from its opening level.