Honeywell to spin off advanced materials division; stock gains 1.6% 📣

Honeywell International (HON.US) announced plans to spin off its advanced materials division into a separate publicly traded company by early 2026. The division, which produces products like Solstice brand refrigerants and industrial solvents, is expected to generate approximately $3.8 billion in revenue in 2024, accounting for about 10% of Honeywell's total sales. The move aligns with CEO Vimal Kapur's strategy to streamline the company's focus on its three main segments: aviation, automation, and the energy transition. The standalone advanced materials business could be valued at over $10 billion.

The spin-off aims to provide greater financial flexibility for future acquisitions, complementing recent purchases totaling over $8 billion including Carrier Global Corp.'s security business for almost $5 billion, CAES Systems Holdings for $1.9 billion, and Air Products and Chemicals Inc.'s liquefied natural-gas technology unit for $1.8 billion. Under CEO Vimal Kapur's leadership since June 2023, Honeywell is refining its portfolio to capitalize on industry megatrends, although the stock's performance has lagged behind the S&P 500's during the same period.

Honeywell (D1 interval)

Following the announcement, Honeywell's shares rose nearly 3% in premarket trading to around $207. Currently, the stock has settled at about $206, up approximately 1.6%.

12 June 2026, 5:02 PM

📈 SpaceX shares surge 20%

12 June 2026, 4:13 PM

Wall Street Rebounds as Oil Prices Fall 📈 Adobe Shares Drop 8% After Earnings

12 June 2026, 3:20 PM

All eyes on SpaceX: Where will the stock open?

12 June 2026, 12:41 PM

French luxury companies and banks gain as the inflation rises

Stocks

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days