14 Stocks That Jim Cramer Recently Talked About

8. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders In Q3 2024: 55

Honeywell International Inc. (NASDAQ:HON) is one of the biggest industrial and defense conglomerates in America. Its scale is also at the center of the debate surrounding the firm after activist investor Elliot Investor disclosed a $5 billion stake in November. Honeywell International Inc. (NASDAQ:HON)’s shares were flat prior to the November 2024 election, and they have gained 13% since then. Some of the optimism is based on the firm’s prospective spin-off of its aviation business. Analysts are bullish about the separations, particularly because similar moves by other conglomerates have ended favorably. Cramer agrees with them, as he shared that not only is Honeywell International Inc. (NASDAQ:HON) “A really large position of mine” but added:

“Well you’ve got this cohort that’s selling it between 35 and 39 times earnings if you take Howmet, also known as how I met my mother, uh if you take GE, you look at the comps here and they’re just so extraordinary. And you’ve got this company which is not delivering. Frankly the last three quarters have been, you know they’ve had some guide downs. But more importantly this will be the pureplay that we’re all looking for that hasn’t moved yet. So I think that’s brilliant.

“Look they busted $235 earlier this morning and I said okay people seem to have to understand what this will mean. But then you’ve got this problem of how long it’s going to take. And people, I mean look at DuPont, they’re splitting in three companies. People have forgotten about it. It’s been forever.”