Jim Cramer’s Game Plan: 23 Stocks to Watch

15. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders: 50

Recently, Honeywell International Inc.’s (NASDAQ:HON) reorganization and its impact were briefly discussed by Cramer, who said:

“Honeywell recently announced a major reorganization, but can it match that with some good earnings numbers? You know, that last quarter was just okay. In the interim, we got the reorg and the stock is sorted. We own this one for the Charitable Trust, and we’re telling members of the club to stand packed.”

Honeywell International (NASDAQ:HON) is a diversified technology and manufacturing company that operates in various sectors, offering a range of products and services in aerospace, building automation, energy solutions, and industrial automation. The company delivers advanced systems, software applications, specialized materials, and safety equipment to customers globally.

On October 8, Honeywell International (NASDAQ:HON) announced plans to spin off its advanced materials business unit into an independent, publicly traded entity, a move expected to be completed by the end of 2025 or early 2026. The decision is part of a broader strategy by management to streamline operations and improve focus. The advanced materials segment, which includes specialized products such as packaging films and refrigerants, contributes around 10% to the company’s total sales.

Additionally, earlier in the year, Bloomberg reported that the company is nearing the sale of its personal protective equipment business for approximately $1.5 billion and may pursue an initial public offering for its quantum computing division, Quantinuum, valued at around $10 billion.