Honeywell prepares for the first part of its split into 3 companies. Here's what you get

Another breakup is on the horizon. Later this month, Honeywell will separate its Solstice Advanced Materials unit. Honeywell shareholders as of Oct. 17 will receive one share of Solstice for every four shares of Honeywell. The two companies will begin trading independently on Oct. 30, with Solstice under the ticker SOLS and Honeywell keeping its current ticker, HON. The upcoming spin is the first step in Honeywell's multi-stage breakup plan. In the second half of 2026, Honeywell will separate its remaining automation and aerospace businesses, in a move that was first pushed for by the activist investment management firm Elliott Management almost one year ago. When Elliott first called for these changes, it sent a letter to Honeywell management detailing its more than $5 billion investment