Jim Cramer Focused On These 9 Stocks Recently

5. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders: 67

A caller highlighted Honeywell International Inc.’s (NASDAQ:HON) decision to split its businesses and asked which part would be best suited for growth. In response, Cramer said:

“Okay, my Charitable Trust owns it. We have a lot of it, Honeywell. The growth part is aerospace. Nobody wants Boeing. They’ll be buying Honeywell just like they bought GE Aerospace. I will say this, I like the chemicals business. It’s not a growth business, but it’s better than the typical chemical company, so that’s gonna make people like it. The automation business, work in progress.”

Honeywell (NASDAQ:HON) is a diversified company providing technology and manufacturing solutions in aerospace, building automation, energy, and industrial automation. Earlier in February, Cramer commented on HON and said:

“But this is the quarter you have to buy because you’re finally getting the three pieces. The aerospace business is fantastic. This chemicals business is of course a little bit better than the GDP.  And then you have this automation business which has been a disappointment…

For aerospace, they have the cockpit. They have a lot of intellectual property in a plane. They have obviously some service, I think that you do want to emulate. Now remember they’re in every plane. They’re in Bombardier, Airbus, they’re in Boeing. They’ve got a hammerlock on the group. Dave Cote put that together and I like that business. You may to just say, old your nose and buy. If you get that business…

That factory automation, David the warehouse business, that was bad. That was bad. . . That’s been a loser… I’m totally with you. Which is why my trust owns it. We’ve been selling higher. Now I’m going to buy it back or hold on.”