Two major industrial restructurings are about to reshape share counts at DuPont de Nemours (NYSE: DD | DD Price Prediction) and Honeywell (NASDAQ: HON). Both companies have confirmed reverse stock splits tied to portfolio breakups rather than fundamental valuation shifts. Here is what changes for shareholders.
DuPont executes a 1-for-3 reverse split effective 12:01 a.m. ET on June 24, 2026, with a new CUSIP 26614N 201 and cash in lieu of fractional shares via Computershare. Honeywell follows with a 1-for-2 reverse split effective 12:02 a.m. ET on June 29, 2026. It is contingent on closing the Aerospace spin-off. That cuts shares outstanding from roughly 634 million to 317 million.
The bigger event for Honeywell holders is the spin-off itself: one HONA share for every two HON shares held, with a June 15, 2026, record date and distribution expected June 29, 2026. The distribution is expected to be tax-free for U.S. federal income tax purposes, with when-issued trading under the ticker HONAV and ex-distribution trading under HONIV.
Market context: Honeywell shares trade near $229, up 17.6% year to date. DuPont trades near $48, up 74.3% over the past year.
What it means: A reverse split does not change the value of holdings. Investors will hold fewer shares at a proportionally higher price, with proportionate ownership unchanged. Both moves recalibrate per-share prices after divestitures so the remaining businesses trade in an institutionally normal range. Investors should track the Honeywell spin-off closing, fractional-share cash payments, and post-split trading liquidity in both names.
Top Gaining Stocks
Top Losing Stocks