Honeywell Spins Off Advanced Materials Unit into Solstice

Spin-off Announcement

Honeywell International announced on October 1, 2025, that it will spin off its Advanced Materials business. The new company, Solstice Advanced Materials Inc., will begin trading on Nasdaq under the ticker "SOLS" on October 30.

Solstice Business Focus

Solstice will target growth in refrigerants, semiconductor materials, and healthcare packaging. Honeywell expects this move to strengthen its core automation, aerospace, and energy transition businesses.

Financial Structure and Notes Offering

Solstice raised $1 billion through senior notes. The funds remain in escrow until the spin-off closes. Analysts expect this structure to support independent growth while maintaining financial flexibility.

Analyst View on Honeywell Stock

Analysts rate Honeywell stock a Buy with a $268 target. Spark, TipRanks’ AI Analyst, gives Honeywell an Outperform rating. Strong earnings and strategic moves support the outlook, though bearish technical trends raise caution.

Honeywell’s Broader Strategy

Honeywell continues to invest in automation, aviation, and energy transition. Its Honeywell Accelerator and Honeywell Forge IoT platforms help customers address complex industrial challenges worldwide.